CHAPTER 3

Leadership and Governance: The Obligations of Stewardship

Leaders guide organizations in the pursuit of shared goals within a constantly changing global environment. Implicit within that governance role is a complex set of ethical obligations, responsibilities, and duties that are owed to each of the stakeholders that have an interest in the organization. Leaders earn the trust of these stakeholders by recognizing, honoring, and balancing the sometimes conflicting goals and priorities of these stakeholders.1

The purpose of this chapter is to examine the nature of organizational governance and its application to the role of leaders in guiding organizations. After defining organizational governance and its primary objectives, I introduce ...

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