Fiduciary Law - Integrity

The word Integrity is derived from the Latin word integritas meaning “soundness, correctness, purity,
whole and chaste”. Integrity is one of the eight standard characteristics required of a Trustee being
the possession of a strict moral or ethical code as exemplified by the trinity of virtue (Good Faith,
Good Character, and Good Conscience). Integrity means a Trustee is obligated to follow and
execute honestly, faithfully, and dutifully serve the purpose of the Trust as defined by its terms and
conditions as expressed in the Instrument of formation. A Trustee cannot hold such office in the
absence of personal integrity or proof of engaging in a manner forbidden by the characteristic of
Integrity. A Trustee that wilfully and deliberately engages in a manner forbidden by the
characteristic of Integrity is guilty of a major breach of trust.

Under the character of Integrity, a Fiduciary is forbidden to act in any following manner:

(i) To exert influence or pressure upon the Trustor; or

(ii) To threaten or intimidate a Beneficiary; or

(iii) To take selfish advantage of the Trust bestowed or deal with the subject-matter of the Trust in
such a way as to personally benefit or prejudice another; or

(iv) To engage in sharp business practices; or

(v) Make any false or give misleading information to any Trustor or Beneficiary associated with the
Trust; or

(vi) To withhold information deliberately or accidentally from any Trustor or Beneficiary; or

(vii) To engage in unfair advantage or profit taking; or

(viii) To act in any manner of forgetfulness or negligence against the other persons standing in
such a Trust relation.