As company ombudsman, your task is to investigate complaints of wrongdoing on the part of corporate directors and officers, decide whether there is a violation of the law, and deal with the wrongdoers accordingly. Jane, a shareholder of Goodly Corporation, alleges that its directors decided to invest heavily in the firm's growth in negligent reliance on its officers' faulty financial reports. This caused Goodly to borrow to meet its obligations, resulting in a drop in its stock price.

As an ombudsman, your role in investigating complaints of wrongdoing by corporate directors and officers involves several steps:

1. Gather information: Begin by collecting all relevant information about the complaint. In this case, you need to obtain detailed information from Jane regarding her allegations against Goodly Corporation's directors and officers.

2. Review financial reports: Examine the financial reports and statements provided by Goodly Corporation to determine whether there were any inaccuracies or misleading information that the directors relied upon. This will require a thorough analysis of the financial statements and potentially engaging financial experts to assess the accuracy of the reports.

3. Assess negligence: Evaluate whether the directors acted negligently by relying on faulty financial reports. Determine if they should have exercised better judgment or if they failed to fulfill their duty of care and diligence towards the company and its shareholders.

4. Establish causation: Investigate the link between the directors' negligent reliance on the faulty financial reports and the negative impact it had on Goodly Corporation, such as the decision to borrow money and subsequent drop in stock price. Determine if there is a reasonable connection between the alleged actions and the resulting harm.

5. Determine violation of the law: Analyze whether the directors' actions violated any applicable laws, regulations, or standards, such as securities laws or corporate governance requirements. Consult legal experts if necessary to understand the legal implications of the situation.

6. Decide appropriate action: Based on your investigation and assessment, determine the appropriate course of action to address the wrongdoing. This may involve recommending disciplinary measures, initiating legal proceedings, or advocating for corrective actions that will protect the interests of the shareholders and the company.

It is important to approach the investigation impartially, ensuring you consider all relevant evidence and perspectives before making a decision. Adhere to applicable laws and regulations governing your role as an ombudsman and maintain confidentiality throughout the process to protect the interests of all parties involved.