Please help.

1 Matter 1: (13) 1.1 Explain the standards of directors conduct with which the directors of Suit-up Ltd must comply. 1.2 Discuss the requirements of the Companies Act with regards to the loan granted to Jane Spector and conclude on the legality thereof. You should also make mention of the possible consequences for the directors who authorised the loan. (12) PARTI You are a member of the audit team on the 2022 year-end audit of Suit-up Ltd - a company that manufactures and sells men's wedding attire and formal wear. While reviewing the minutes of the meetings held during the year, the following matters came to your attention: Matter 1 During the financial year under review, the board of Suit-up Ltd approved an interest- free, unsecured loan in the amount of R7m to Jane Spector, the wife of the company's chief executive officer (CEO), Harvey Spector. You inspected the minutes of all the directors' and shareholders' meetings and concluded that no other authorisation was obtained to approve the loan. Suit-up Ltd's financial records indicate that the company, although solvent and liquid, was under severe financial strain before and after the loan was granted