| Pub. Date | : Jan, 2024 |
|---|---|
| Product Name | : The IUP Journal of Corporate Governance |
| Product Type | : Article |
| Product Code | : IJCG040124 |
| Author Name | : Shahid Shadab Hassan, Neha Kaur, Allen Joshua George, Sharda Singh and Rajasekhar David |
| Availability | : YES |
| Subject/Domain | : Management |
| Download Format | : PDF Format |
| No. of Pages | : 21 |
The concept of governance has become essential to the success and accountability of organizations in today's world, where things are becoming more complex and interconnected. The effectiveness of governance systems relies heavily on the behavior exhibited by leaders within these organizations. This systematic review delves into the multifaceted relationship between ethical leadership and corporate governance, shedding light on the pivotal role played by leaders in fostering ethical behavior and decision-making within the corporate sphere. It relied on three digital databases-Scopus, Emerald Insight, and PsycArticles-from where 1,564 records were obtained. Thirty studies that fulfilled the eligibility criteria were selected for analysis. Thematic synthesis was the method adopted for analysis of data. The analysis revealed two major themes-Impact of Ethical Culture and Leadership and Associated Factors of Ethical Behavior-and subsequent subthemes that critically examine the key dimensions of ethical leadership within corporate governance, including promoting ethical values, transparency, integrity, and stakeholder engagement. The study highlights the importance of further empirical investigations and draws attention to the significance of ethical leadership in corporate governance for policymakers.
The role of corporate governance in business has become increasingly important across the world. Moreover, in light of the scandals that have damaged the standing of numerous organizations, there is increased pressure on boards to ensure good governance (Di Miceli da Silveira, 2022). People in leadership positions are frequently held accountable when a scandal is exposed because it is their responsibility to ensure that the best decisions are made and implemented. Executives are expected to set an example by adopting and encouraging ethical behaviors given their potential influence over other organization members (Aube et al., 2021). The term "ethics" in corporate governance refers to company policy and procedures relating to general business operations (Khalid, 2014).