You are Adam Anty a qualified accountant working in Clash PLC. You receive a phone call from Frances Higgins, an old colleague of yours from school. You have a chat about the years since you knew each other and then she tells you that she is working in the Finance Unit in Tyrone Ltd. She tells you about rumours within the company about a potential bid by Bang PLC and she is worried about her position in any new combined entity. She lets you know that she would be interested in passing on any information that She may come across that would be useful to you in any takeover situation and that she would also be very interested in retaining her job should the takeover go through.

Required
Identify any ethical issues you see arising from the phone call and explain how you might deal with such issues.