I read much from the Harvard Business Review.  Not because they are the be-all and end-all in regards to business leadership, but I do find them notable and even exceptional at times.  They have a proven history of calling leaders to lives of integrity and in many regards ping true in regards to recognizing even noble motivations that should be at play within the mind and hearts of leaders.  Here is a case in point:

There are three little words that extraordinary leaders know how to say, and I'm not thinking of "I love you" (but those are pretty good). The magic words are "I was wrong." Husbands and wives know that saying those words to each other can be even more endearing than endearments. When leaders say them to their teams in a timely fashion, they build confidence and can move on to a better path.

The simple sentence "I was wrong" is the hardest for leaders to utter and the most necessary for them to learn.

Read more here.