Financial mismanagement

Jin (not his real name) was the personnel manager for a family-run engineering firm. In the past, the family managers of the company had used company money to pay for private work done on their own homes. Jin had let this pass as it was a family business, but two employees recently told him that the scale of these private works was becoming extensive. Jin was worried about raising this to the Board of non-executive directors because the company managers had a well-earned reputation as hard men in the local community. Jin was advised to raise his concerns with the family managers but decided instead to resign and raised his concerns once he had secured new employment.