The Transactional and Transformational Approaches to Leadership in Corporate Sector

Ethical principles serve as the basis for various contemporary frameworks for work, business, and organizations, which extend individual and corporate concerns far beyond conventional business aims of profit and shareholder enhancement (Wren, 1994). The value of Ethical Leadership Skills is grounded on the principle that genuine leaders are concerned with doing the right thing and not just doing things right. The benefits of ethical leadership traits are also seen to go beyond the decision making process itself. Previous studies have found that in organizations where leaders have demonstrated ethical leadership skills, these traits are among the most appreciated by employees of the organization (Richardson, 1992).