Leadership is one of the mostimportant for sustainable development. Leadership give some power it calledleadership power. Sometimes this leadershippower makes leaders use the power in a negative way which can be treated as badleaders in the business world (Kelleman 2005). Leadership by itself istransformative in nature, it is about flowing influences in workers andcreating followers through the delivery of a vision. The way and the attitudeof the organization is the most central element of leadership. This fears withtactical planning, based around very particular and possible goals,organizational performance supervision is equally important. A leader knows howto create his points and views to his followers and how to make them behave ina certain way.
A leader must take care special responsibility for what’s goingon inside his or her ethical leadership improves the lives of those around themby creating trust, promise and satisfactions, by reducing negative behavior andby increasing collective performance (Johnson, 2015). As an ethical leader, the principles, opinions and valuesof the right and wrong describe the basis of organizational behavior, therebyformulating the base upon which the leader’s motivation employees in ensuingthe goals of the organization (Sharafi & Rajiani 2013). Entertainingly, opinions of ethically neutral leadership do not basically risebecause the leader is morally neutral. Rather, the observation of morallyneutral leadership may happen because the leader has not met major ethicalchallenges that would deliver the chance to bear his or her ethics to furthers (Trevino et al 2000). If wethink we got power, then we need to do use this power as a positive way.
Otherwise, it should come dark side in any organization.Finally, Corporategovernance is a structure as instrument and procedures which a corporation isorganized and accomplishes the interest of the investors of the organization.It also said, corporate governance is important to make leader responsible and apparent(Mallin 2016). Corporate governance has been mostly about designing internaland external structures of responsibility that lead to good managerial performance(Hughs 2010).
The stimulus is mainly to maintain and develop shareholder andinvestor self-confidence rather than to satisfy any direct requirement fromgovernment. To have agood corporate governance system, it is significant to set a good corporategovernance code. For a good corporate code should enclose the right forboarding member to function for a longer time (Subramanian 2015).
Governanceconstructions and principles classify the sharing of rights andresponsibilities among different members in the organization and includes therules and actions for making decisions in business activities. Convergence ofcode should be in place to have a minimum standard codes that createsopportunity for the multinational companies to expend globally with ease(Rezaee 2009). Corporate governance contains the measures through whichcorporation’s objectives are usually followed in the context of the social andmarket environment. Governance applications include observing the events,rules, performs, and decisions of corporations, their agents, and affected depositors.Council on Business & Society (2013) also discussed many economists, especially in the Anglo-Saxon world,define corporate power as the sum of economic, legal and organizational toolsensuring that corporations return funds to their outside stockholders. As amanager also academics claim that corporate governance should not only beworried about investors but also by creditors, employees, suppliers andconsumers who all have a particular interest the way the company is run.
Asin other nations across the world, the interest in corporate governance incentral European countries has grown significantly in the last decade (Mallin2016). Its importance for the development of wealth markets and investor independencehas been around respected. Also, there should not be always high remunerationset for the managements rather it should be more directing on the performance.So I believe a good corporate governance code can be developed.