ABC Limited directors discovered that employees colluded to overcome control systems put in

place. The company lost US$$2$ billion through fraud and embezzlement. The directors tried all

strategies in the books but failed to change the situation. After seeking legal advice, the directors

were informed to engage a corporate governance expert.

Required

a$)$ The directors picked you. Advise them on the possible governance causes of such ethical

behaviour by the employees of ABC Limited.

b$)$ Recommend the governance strategies the board of directors can put in place to remedy the

situation in the company.