Master Class [122]: Ethics & Morals
Generally speaking, ethics refer to right and wrong, but in the context of an external source such as policies or codes of conduct for the organization. Ethics usually apply to everyone. Morals on the other hand are internal guiding principles that are far more subjective and apply specifically to you. In the context of leadership, your morals will impact on the ethics of the organization.
Take the collapse of Enron, one of the greatest cases of corporate fraud and deception in the modern business world. Clearly what the leaders of Enron did was not ethical; it violated numerous rules and codes of conduct. But if these leaders