The Challenge for Leaders Is to Establish Exactly What Is

The challenge for leaders is to establish exactly what is acceptable in terms of behaviour, and what is not. Why do leaders not act ethically?

A) Often the expected behaviours are not explicitly stated but forms part of a broader psychological contract with the organization. The closest many businesses come in terms of articulating their expectations is by a set of 'values' which are often wrapped up in their vision or mission statement.
B) The ethical challenge arises when there is gap between an individual's undeclared values and the observed behaviour of the organization. For an individual to be sure of what should be decided in any given situation, there needs to be little guidance from the business.
C) Narcissistic and self-absorbed individuals can be encouraged to exploit favourable (to them) environments for their own ends. This can produce long-term gains for an organization and the individual.
D) Barclays Bank had published 'The Barclays Way' to help leaders take part in Libor Rigging. The purpose of these kinds of documents is to help individuals to follow unethical behaviours within the business.