The problem to be studied is what are the ethical concepts of leadership, reliability and ethical management and how are they correlated. Many interpretations of the terms leadership, trustworthiness and ethical management have been developed by academics and researchers. However, the significance of these topics as they relate to business organizations and business ethics needs to be explored and, more importantly, a discussion is needed on how these topics interact or correlate with each other. This article will explore these topics by first giving my opinion on each topic, followed by a discussion of current research regarding each topic. This is followed by an examination of how these topics correlate and the importance of this correlation. Leadership, as applied to business and business ethics, has many attributes and approaches. The definition of leadership, as applied in stakeholder theory, implies that the manager, executive or CEO wears multiple hats in the effort to satisfy the needs of the organization's various stakeholders. business. In stakeholder theory, the CEO is not in a position of dominance and power over employees and other individuals, unlike the CEO in the traditional leader-follower structure of corporations. The CEO or manager becomes a relationship manager and coach, trying to create a balance between the conflicting goals of the company's different stakeholders. Maak and Pless (2006) explained that the purpose of leadership can be understood as building and cultivating lasting and trusting relationships with different stakeholders inside and outside the organization and coordinating their action to achieve common objectives, sustainability of the company..... . middle of paper ...... (2002). A role for business ethics in facilitating trustworthiness: JBE Springer Science & Business Media. Retrieved from http://search.proquest.com.proxy1.ncu.edu/docview/198054781?accountid=28180 Caldwell, C., Hayes, L.A., Bernal, P., and Karri, R. (2008). Ethical management - implications for leadership and trust: JBE Springer Science & Business Media. doi:10.1007/s10551-006-9320-1Caldwell, C., Hayes, L.A., & Long, D.T. (2010). Leadership, reliability and ethical management: JBE Springer Science & Business Media. doi:10.1007/s10551-010-0489-yMaak, T. and Pless, N. (2006). Responsible leadership in a stakeholder society - A relational perspective: JBE Springer Science & Business Media. doi:10.1007/s10551-006-9047-zMihelic, K.K., Lipicnik, B., & Tekavcic, M. (2010). Ethical leadership. Clute Institute for Academic Research. Retrieved from