The research objective to be achieved is to determine the effect of transformational leadership on etikas business as well as its implications on the performance of employees. The study population is one of the employees leasing company in Bandung using the entire population. Data analysis using Structural Equation Modeling (SEM) Partial Least Square (PLS). Based on the calculation results showed that the significant effect on the transformational leadership and business ethics and employee performance. Are influential transformational leadership directly to employee performance at 0.50 while the influence of business ethics at 0.60. The influence of business ethics on the performance of employees is 0.45. While the results of the overall effect of transformational leadership and business ethics at 0.67 or 67%. This indicates that the variable performance of employees can be explained by 67% by transformational leadership and business ethics, while the rest of 33% influenced by other variables not examined in this study.