Tremendous progress has been made in industry including artificial intelligence, robotics and 4th generation of industry. People in most countries work smarter, hard work is supplied by machines and automatics do constantly repeated operations. Modern technology has made work smarter, quicker and more precise than human works. But there are still many problems to tackle. Tension on effective work is much than higher. Companies prioritize well educated people. The value of the company is measured not only by the level of financial capital, either intellectual capital is also rated. There are economic reasons for prioritizing effectivity in industrial development, and intellectual capital increasing level of effectivity. On the other hand, there are some arguments for prioritizing social and ethical responsibility. Economic growth could not be the only reason for development in business. In addition, involvement in corruption scandals and environmental accidents can severely damage the reputation of a company. Innovation in management is needed. Some results of investigations in that area suggested that ethical leadership could gain negative consequences of human behavior. Finally, it has been found that the development in ethical leadership could bring the benefits for employee and employers and can increase level of productivity and thus profits of companies. The main aim of the article is to describe an investigation of ethical leadership influence on companies.

12This article is one of the results of an interdisciplinary research project between the Department of Civic Education, University of Ostrava and Department of Economics, VŠB -Technical University of Ostrava. The main goal of this research project is the description of relations between society and ethical codes in companies. The initial phase of the project is focused on the banking sector, because we assume that in this sector is the code of ethics mostly used. The aim of this article is analyzing the banking sector in the Czech Republic, its history and present, ownership structure and identifying bank leaders in the Czech Republic, its ethical codes and consistency with cultural values. The final analysis focusses on economic efficiency and the ethical content analysis of selected entities.