Recently business ethics has become a hot question in different organizations from service, manufacture, agriculture and other sectors. Ethical leadership was proposed as a suitable solution for the development of ethics culture in organizations. Some of the previous studies foundthatmanagers‘ perceptions of their leadership style ethics have significant effects on employees‘ attitudes to it.How-ever, the studies on this fieldhave been quite rare;the results are inconclusive. Thus, theaim of this study was to investigate the relationship between the approaches of managers and employeesabout the ethical leadership style. The study involved 30 managers and 242 subordinates working in different Lithuanian organizations. A perceived ethical leadership style was assessed with Brown(2005b) ques-tionnaire. The study confirmed thatthere is alinear relationship between analyzed variables: the more managers perceive their leadership style as ethical, the more employeesperceive their managers as ethical, too.