Organizations need trust from employees, customers, investors and society. Trust is built when leaders behave ethically and when the organization follows strong corporate governance. Ethical leadership is about values-driven leadership—doing right, setting example and creating ethical culture. Corporate governance is the system of rules, processes and controls that directs and monitors a company. Together they reduce fraud, improve transparency and ensure long-term sustainability.
Ethical leadership means leading with integrity and fairness, making decisions based on ethical values, and encouraging ethical behavior in others.
Corporate governance is the system by which a company is directed and controlled. It includes the role of board of directors, management, policies, audit, compliance and stakeholder communication.
Access the complete note and unlock all topic-wise content
It's free and takes just 5 seconds
Download this note as PDF at no cost
If any AD appears on download click please wait for 30sec till it gets completed and then close it, you will be redirected to pdf/ppt notes page.
Organizations need trust from employees, customers, investors and society. Trust is built when leaders behave ethically and when the organization follows strong corporate governance. Ethical leadership is about values-driven leadership—doing right, setting example and creating ethical culture. Corporate governance is the system of rules, processes and controls that directs and monitors a company. Together they reduce fraud, improve transparency and ensure long-term sustainability.
Ethical leadership means leading with integrity and fairness, making decisions based on ethical values, and encouraging ethical behavior in others.
Corporate governance is the system by which a company is directed and controlled. It includes the role of board of directors, management, policies, audit, compliance and stakeholder communication.
Get instant access to notes, practice questions, and more benefits with our mobile app.
From this topic
Characteristics of ethical leaders include:
(Any three characteristics can be written.)
Objectives of corporate governance include:
(Any three objectives can be written.)
Ethical leadership means leading with integrity, fairness and responsibility and motivating others to follow ethical standards. Ethical leaders set the “tone at the top”, so their decisions and behavior strongly influence workplace culture.
Importance of ethical leadership:
Examples:
Thus, ethical leadership is essential because it creates a strong ethical culture and protects the organization from legal and reputational risk.