Ethical Leadership in Banking in Pakistan Essay

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Strategic Planning and Performance Measurement

The ethical issues that pertain to the assessment of emotional intelligence (EI) among leadership in the Pakistani banking industry are that while EI is recognized as being important to leadership effectiveness, moral aptitude and virtue are seen as most important in being a great leader (Sivanathan, Fekken, 2002). Possessing moral aptitude and communicating virtue through transparent exchanges with followers are qualities that must be possessed alongside EI to facilitate leadership. As Segon and Booth (2015) show, virtue is the missing ethics element in EI; for instance, “an unethical manger or leader [may] demonstrate EI competence” (p. 789). For this reason, “ethical decision-making behavior” is a major ethical issue that leaders must address as they incorporate EI skills into their daily communication routines (Holian, 2006). This issue applies especially because employment law is a broad area that encompasses various aspects of the employer-employee relationship. The law is there to help regulate the relationship—but ethical leadership is there to help strengthen the relationship. Each is ultimately helpful to the other, and EI is like the oil that allows the relationship to develop and work smoothly. Ethical leadership is then like the machinery—the tubing, the rods, the engine—that keeps the parts operating in unison towards the overall goal, which is to keep the company moving forward.

Performance measurement is a significant component in the creation of any ethical organization because it enables the organization to gauge just how effectively its ethical leadership and ethical strategy is being incorporated or implemented throughout the firm. When performance is measured routinely, managers and workers alike can see whether they are on task to meet the goals that the company needs to meet in order to be productive and profitable.

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Without taking measurement of progress, the firm will have no awareness of where it stands with regard to its goals. It would be like an individual wanting to achieve a precise hairstyle but never bothering to look in the mirror to see what his hair actually looks like. A company that does not engage in performance management is essentially a company that is flying blind or driving in the dark without headlights. Measurement is the lamp that lets the firm’s leaders know whether the business is on track or whether it has driven off the road. It is highly imperative that progress routinely be gauged at all levels. In an ethical organization, the degree to which an corporate culture is supportive of ethics development can best be identified through measurement of the ethical guidelines’ implementation in the workplace. This can be assessed by relationship development, task-oriented achievement, morale increases, and overall positivity growth.

Laws that specifically impact ethical leadership relate to how the banking industry is….....

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