Having spent the best part of the last fifteen years examining & learning about Leadership I've put together my list of things I believe Master Leaders must understand:

Master Leaders know that in order to LISTEN one must be SILENT
Master Leaders understand that WORK is central to leadership.... it's about doing good, not just looking good (leadership is an action - it's exercised not held!)
Master Leaders see PREPARATION as fundamental
Master Leaders act & behave in SERVICE of others - that is, it's about other people not them
Master Leaders are their own "WATCHER" - understanding and adapting their behaviours to their environment
Master Leaders understand LOSS & DEFEAT and are comfortable in dealing with & managing it
A Master Leader understands HOPE & FEAR and the interplay of these with SUCCESS & FAILURE
Master Leaders have a clearly defined set of VALUES
GRACE & GRATITUDE are habitual for a Master Leader
A Master Leader understands the differences between (and works with) POWER, AUTHORITY & POSITION
Master Leaders BELIEVE
Master Leaders understand the differences between PLEASURE & HAPPINESS
Master Leaders TRUST, but VERIFY
Master Leaders possess COURAGE
KINDNESS is always evident in a Master Leader
Master Leaders know how to ask great QUESTIONS.... and the right time to ask them
Master Leaders can see multiple positions from multiple positions - they are excellent at exercising PERSPECTIVE
ADMISSION - Master Leaders have the fortitude to admit when they have done wrong or don't know what to do
Master Leaders know that CHANGE is a verb - action is required!
Master Leaders understand LOVE in all its forms
HUMILITY is a central tenet to the Master Leader
Master Leaders operate within and encourage systems of INTERDEPENDENCE - they know no ONE has all the answers, including themselves