Question 3 Business Ethics

Ismail is on the Board of Directors at ABC Limited, which is a Company that specialises in investing people's savings into

annuity policies held over the long term. In his position as a member of the Board he has access to certain private financial

documents and he discovers some very sensitive information regarding the activities of the CEO of the Company. It comes

to his awareness that the CEO has been siphoning client funds in small almost undetectable amounts. The CEO is paying

multiple clients incrementally less on their investments returns than what actually accrued on the investment and is doing

this with hundreds of clients, the total amount of theft amassing to almost R 20 million rands. Ismail is afraid to go to the

Board as he does not want his identity revealed, but wants to expose this criminal behaviour.

He comes to you for advice. Advise Ismail on the best way forward.