CEOs and Top Leaders: Solutions to Solve Ethical Dilemmas and Decision Making

This paper reviews solutions to help CEO’s and Top Leader’s manage their ethical dilemmas and decision making. Business ethical issues and moral hazard are discussed. Unethical behavior in regards to type and associated costs are reviewed. Approaches to dealing with unethical behavior at work are discussed and the concept of executive or business coaching is introduced: how top executives benefit from this method and what executive coaches offer are discussed. Benedictine University’s Values-Driven Leadership model is reviewed. Surveys on executive coaching are analyzed, and ways to embed a healthy culture for sound ethics within a company is provided. Specific scenarios of ethical dilemmas are shared, and revised responsibilities in overseeing ethics for Boards of Directors are reviewed. This paper begins discussion on CEOs and the ethical quality of their decisions. It intends to open dialogue on this infrequently discussed topic and encourage a paradigm shift in our approaches.