If you're wanting to keep prying eyes out of it in-house, you can use sudo.
1. Select or create a new user with appropriate permissions for running the script.
2. chown the script to that user.
3. chmod 700 the script
4. grant sudo privileges to the nosy people allowing them to run the script as the selected user. (see man pages for visudo and sudoers for details on how)
5. Instruct the users on how to, or create a script that does it for them, sudo the command as the other user.
sudo -u <username> /full/path/to/script
They'll then be able execute, but unable to read it.
If the script is for distribution, of course, none of this applies.
Rod Knowlton
IBM Certified Advanced Technical Expert pSeries and AIX 5L