Character is an essential ingredient in ethical leadership. It is also important in mangers and CEO’s. According to Uhl-Bien, Schermerhorn and Osborn (2014), “the ethical leadership theory describes that leaders should be role models of appropriate behavior” (p.321). As a leader whether you are a CEO or a manger, you should have certain characteristics whether it is honesty and respectfulness. Managers and CEO’s should have a positive character because they influence others.
Core values can help people what is right from wrong .They can help companies to determine whether they are in right path and also whether they are achieving the business goal. Organizations use their core values in different settings based on the contextual factors of the organizations. Communication is a very important instrument to implement and activate the core values. And to give values meaning to employee’s day-to-day activities. We can say values are the fundamental aspects of organization, organization
This creates a sense of safety and direction, resulting in feelings of trust and sets the stage for development, both leader responsibilities in the Servant Leadership Theory. Expectations and goals must benefit both the organization and the individuals. Organizational culture and reputations are simply a result of the actions of the individuals in an organization. Ethical leaders can shape and influence those actions through their unwavering example, open communication, and ability to work through ethical dilemmas. References Brown, M. E., Treviño, L. K., & Harrison, D. (2005).
Customers have the wide choice of goods and services. Due to such facts, people, widen there lists of demands for producers and entrepreneurships. One of the new demands to the business is ethical behavior. Such an ethical behavior involves many factors. According to Charles Hill: “The most common ethical issues in international business involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations” (Hill, 2009).
Zahra and others also worked on justification of the correlation level between leaders’ attitude and employee attitude and corporate culture. Leaders who are known as moral and having dignity, effect their employees to be a part of positive behavior in the organization which will create huge benefits in the end. This is a reflection of “civic virtue” dimension of OCB, underlining the positive relation between ethical leadership and OCB. Alkan and Arıkboğa (2017) worked in banking area and searched for the relationship between bank managers’ leadership style and the tendency of general organizational behavior in ethical manner. Final results showing that employees feel more attached to their organizations who see their managers as “ethical” .
Corporate governance is defined in the King IV Report as the “exercise of ethical and effective leadership by the governing body towards the achievement of the following governance outcomes: • Ethical culture, • Good performance, • Effective control and • Legitimacy.” The purpose of this Corporate Governance Policy is to facilitate and encourage the ethical management of the company by its Board of directors, management and stakeholders in order to achieve the primary objectives of the company being sustainability, profitability and increased contribution to the socio-economic stability of our economy. DEFINITIONS Board “the Board of Directors of the Company” Director “a member of the Board of the company, as contemplated in section
The timely monitoring by related parties (ie., NGO, Stock exchange authority and other specific professional groups) can play a major role to promote ethics continuously. They can partner with business community to develop practical guidelines on corporate ethics management. They can arrange ethics programs and training packages in collaboration with professional bodies. These can provide good reference for corporate management to develop their own guide books to advise codes of conduct, systems control and staff training programs.Ethical governance like arranging training programs on codes of conducts can play a major role in influencing ethical values of fairness which may not exist under legislation. For example, the implementation of the code of ethics in a company need to involve different departments or committees in different processes, ie, drafting, communication, training, revision, updating and enforcement.
offer support and individualized consideration, encourage innovative ways of thinking regarding the job as well as motivate followers to live up to their best. This positive impact grows followers’ expressiveness of their identities and personal values. This in turn develops employees’ self-worth and sense of job satisfaction (Yukl, 2013). Employee voice behaviours arise when they decide to talk about their interests, problems, expectations and suggestions for improvement. This free self-expression enables an organization to direct employee complaints, worries and concerns towards finding realistic solutions to organizational problems.
A code of ethics is defined as a document which outlines the mission statement of the organization and the vision of the business upon which it was stood in the market. The code of ethics defines those ethical principles which helps in determining the core values and all of such standards which the organization wants to follow with the purpose to achieve their goals and to make a significant yet a reputed position in the market industry (Coenen, 2013). The code of ethics in terms of a business organization are defined as: • Compliance with the legislation, rulers and regulations • Conflicts of Interests • Insider Trading Policies • Harassment and Discriminations • Health, safety and Security • Price Fixing • Bribery or Corruption • A system
Q1: Explain how ethical issues influenced marketing planning in the chosen organization? Communication or business ethics is a very sensitive subject to deal with. One thing which is very ok with one country can be portrait or considered as legal issue or cultural disobedience in other part of the world. As the technological advancement and media coverage consumers are well aware of their rights and ethical responsibility of companies, nonprofits, and governmental agencies. This make important for companies to deal and educate employees regarding ethical norms.