Whoever heeds discipline shows the way to life, but whoever ignores correction leads others astray. (NIV)
He who heeds instruction and correction is [not only himself] in the way of life [but also] is a way of life for others. And he who neglects or refuses reproof [not only himself] goes astray [but also] causes to err and is a path toward ruin for others. (AMP)
He is in the way of life that keepeth instruction: but he that refuseth reproof erreth. (KJV)