Great Article - http://www.forbes.com/sites/mikemyatt/2013/07/01/the-4-pillars-of-stable-leadership/
If I might summarize...
True North: Stable leaders have an open mind, but they also have strong convictions and principles. While stable leaders listen to others, they are not prone to being wishy-washy. Their values drive their actions – not the court of public opinion. You might not always agree with stable leaders, but you’ll never have any doubt as to where they stand. An aligned vision based upon clearly stated values, and the character to hold people accountable to values over outcomes create a high-trust culture. Purpose and people matter more than process and short-term results.
You Play How You Practice: Whether it’s Nik Wallenda, a CEO, an educator, politician, or anyone else, your performance is always tied to your preparation. Training, development, and continuous life-long learning are the foundational cornerstones of stable leadership.
Lead With Compassion: The most stable leaders understand their success is rooted in the care and well-being of those they lead. Stable leaders have a natural bias toward empathetic and compassionate behavior. When those you lead know you care, it creates a sense of trust and stability not found in more mercenary and callous leaders.
Freedom To Fail: If the people you lead are afraid to make mistakes you’ll never see their best work – you will have led them to perpetual state of mediocrity. Smart leaders make it safe for people to think big, take risks, and try new and different things. Nothing creates stability more than a high-trust environment where people are rewarded for the right behaviors – not punished for them.