For instance, retrofitting factories to reduce carbon emissions to support sustainability goals in the environment could be the best decision to make. Negotiating this complicated relationship is a matter of integrating what could seem to be conflicting principles and values based on the fiduciary obligation to maximize investment returns, ethical commitments to meet the purpose of the business and make a positive contribution to the world outside.
MORAL INTEGRITY HOW TO
However, it doesn't discuss how to reconcile the gap between stakeholders' internal and external expectations. The current conception of ethical leadership views leaders as morally responsible individuals within their organizations. The new demands call for a radical change in how business leaders perceive and ethically conduct themselves. Likely, they were not even in the picture when most executives today were at business school or busy climbing the company ladder's ranks. The new challenges that are in front of the leaders cannot be outsourced or delegated when companies want to build and keep the trust of their stakeholders. More and more, the general public, including employees, customers, and suppliers, demand leaders to speak up and act ethically - quickly when it comes to fairness and justice in their organizations and throughout society.
With stakeholders and shareholders vying for attention, Chief Executive Officers need to create a new ethical leadership strategy to build trust and credibility in society and deliver quantifiable results.
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