Ethical leaders adhere to certain values and beliefs irrespective of whether they are in the home or office. In essence, ethical leaders are motivated and guided by the inherent dignity and rights of other people.
- Understanding ethical leadership
- Benefits of ethical leadership
- The qualities that define ethical leadership
- Key takeaways:
- Connected Leadership Concepts And Frameworks
Understanding ethical leadership
In the workplace, ethical leaders promote and model acceptable forms of conduct to subordinates and expect them to embody the same behaviors with conviction.
In this way, leaders present others will a set of actions they can use for the greater good.
Ethical leadership is a management technique that will work for any organization in any industry.
However, its importance to organizational success is still misunderstood.
In its 2022 Global Integrity Report, Ernst & Young found that while 97% of business executives believed integrity was important, only 33% believed ethical behavior was a key component.
Benefits of ethical leadership
At the organizational level, some of the benefits of ethical leadership include:
Positive workplace culture
Subordinates who work under ethical leaders tend to possess better morale and work more productively.
They feel that those above them are not only motivated by the desire to make themselves (or the organization) more money.
Enhanced brand value
Leaders who act according to ethical principles and values represent the company more favorably than those who don’t.
Principle-driven brands earn respect and loyalty from clients, customers, and societies.
Investment in ethical companies is becoming more popular as investors look to park their money in companies with modern, socially-responsible values.
These companies also tend to be less volatile investments because their leaders do not act in ways that attract controversy.
The qualities that define ethical leadership
In truth, ethical leadership is comprised of numerous different qualities. But we like to think that the six listed below are the most important:
Ethical leaders embrace the power and duty that comes with their position without abusing it.
They are always responsible and present in situations where their leadership may be tested.
This means that a leader’s values and principles are always aligned with their actions.
Ethical leaders walk the walk and do not simply talk the talk.
Ethical leaders respect all those around them, irrespective of their salary, expertise, or other identifying characteristics.
Their respect for the worth of every person fosters an inclusive and diverse workplace culture.
In the context of ethical leadership, transparency mostly relates to stakeholder communication.
Ethical leaders welcome feedback, maintain open dialogue, and disclose information others need to do their jobs effectively.
Ethical leaders consider the viewpoints of all concerned when solving problems.
They work hard to ensure that individuals can establish a positive working relationship once a conflict is resolved.
They also treat everyone equally, condemn improper behavior, and do not show favoritism toward certain individuals.
Like most leaders, ethical leaders are willing to evolve and adapt.
They navigate major changes using their principles and values and encourage subordinates to do the same.
- Ethical leadership is a form of leadership where individuals conduct themselves in accordance with certain principles and values both inside and outside the office.
- Some of the benefits of ethical leadership at the organizational level include positive workplace culture, enhanced brand value, and investor attractiveness. Despite these benefits, however, many business executives do not consider ethical behavior to be a key part of integrity.
- Some of the most important qualities of ethical leadership include fairness, adaptability, transparency, responsibility, integrity, and respect.
Connected Leadership Concepts And Frameworks