Treadway Code Of Ethics

Ethical leadership: Skill needed by leadership based on the code of ethics

Set of codes of ethics are essential as a key element to run the business of an organization in the effective and efficient manner. According to the Committee of Sponsoring Organizations of the Treadway Commission (COSO)’s principle one of the control environment in the Internal Control Integrated Framework covers the need for the organization to demonstrate a commitment to integrity and ethical values. There are points than need to be highlight for achieving such commitment in the organization that include the following information:

• Setting the tone at the top: The board of directors and management at all levels of the organizations demonstrate through their directives,

• Addressing deviations in a timely manner: deviations of the entity’s expected standards of conduct are identified and remedied in a timely and consistent manner.

Codes of conduct are needed in which it can help to reassure investors and other stakeholders, in particular those looking for socially responsible investment, integrity, and a commitment to ethics. Also that, employees generally prefer to work for organizations committed to values and ethics, and consumers tend to prefer to buy from organizations with strong records of adherence to standards of conduct and socially sensitive behavior.

Analysis impact of leadership towards and individual and society

Leadership in the corporate context is one of the hottest topics in the world. Leadership is commonly defined as establishing a clear gols, communicating the vision with others and resolving the conflicts between various individuals who are responsible for completing the company goals especially. According to Yukl (1994), leadership is the process of influencing followers which leaders play an important role in the attainment of organizational goals by creating a climate that would influence employees attitudes, motivation, and

A leader who is good at what he does, is able to keep people motivated and inspired, works for the greater good of society and not just his own personal gains, and is able to respect his people will be successful in creating a positive and happy society. When people have faith in their leader and feel that they are taken care of, be it economically or socially or politically, they are in a better frame of mind on the whole. Good leadership creates a happy society, and a happy society can build a strong