The following question is a problem scenario. You must use the method used in seminars to answer the question. Make sure you apply the law to the facts.

Gilles Pty Ltd is a small gold miner. Thomas, Tahani and Michael are board members.Thomas is also a farmer and owns land that is adjacent one of Gilles' mines.There is no possibility that Thomas' land contains any of the golden mineral. Nonetheless, Gilles Pty Ltd is interested in buying the land to build new buildings to store the mining equipment. Gilles Pty Ltd decides to buy the property of Thomas, well above its market value.Did any of Gilles Pty Ltd directors breached their duty to act with good faith in the best interests of the company?