Please answer the following question

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. Do not write more than 500 words. Gilles Pty Ltd is a small gold miner. On its board is Charles Wood, a geologist and expert in gold. He knows he is not an expert in running companies but he assumes the other directors and outside advisers will tell him what he needs to know. As he is often in remote locations he rarely attends board meetings. The year end nancial statements contain an enormous error not identied by the directors or auditors. Is Charles in breach of the law duty of care and diligence