Despite its importance, ethical leadership faces several challenges:
1. Conflicting Interests: Balancing the interests of different stakeholders can be challenging. 2. Pressure to Perform: The pressure to meet short-term financial goals can sometimes lead to unethical decisions. 3. Cultural Differences: Managing a diverse workforce with different cultural norms can complicate ethical decision-making. 4. Lack of Awareness: Not all leaders are aware of what constitutes ethical behavior or how to implement it.