Moral Capital of Leaders: Why Virtues Are So Important

Author: (Spanish) Xisong
Publisher:
Publish Date: 2005-10-01
Features: Moral capital refers to outstanding character or the possession and practice of virtues deemed suitable for humans within a specific sociocultural context. Moral capital is built through actions, habits, personality, and lifestyle. Individuals with rich moral capital, i.e., those with high levels of corporate governance or companies renowned for professionalism and excellence, will attract more investors and achieve greater returns. In this highly insightful and engaging work, the author explains why leaders, even when they possess social capital and knowledge capital, may not achieve significant success if they and their subordinates lack moral capital. The author aims to introduce the concept of moral capital into how we examine leadership. Although the author's focus is primarily on business, the information and arguments he provides are equally applicable to leadership issues in other fields.