Caux Round Table

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Caux Round TableFounded| 1986

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Founder| Frits Philips and Olivier Giscard d'Estaing
Focus| to promote ethical and sustainable business practices and facilitate fair international trade
Location|

* Caux, Switzerland, and Minnesota, United States

Area served

| World
Website| http://www.cauxroundtable.org/

The Caux Round Table is an international organization of senior business executives aiming to promote ethical business practices.[1] It was founded in 1986 by Frits Philips,[2] President of Philips, Olivier Giscard d'Estaing, and Ryuzaburo Kaku, President of Canon.

Frits Philips was alarmed to hear from reliable sources that the Japanese were dumping their products on the Western market and feared a growing trade war. He saw the need for building trust between international executives and for Corporate Social Responsibility practices to be used. The CRT’s Principles for Business were published in 1994, incorporating Western and Japanese concepts (such as 'kyosei', the working together for the common good). It was presented at the 1994 UN Social Summit in Copenhagen.[3]

The CRT primarily engages in an annual meeting and the publication of guides for various types of organizations. Every three years, the annual meeting is held at Caux, Switzerland, where the original initiative took place in 1986.[4][5]

Young also partnered with scholars at the International Islamic University of Malaysia to formulate interpretations of guidance from the Qur'an.[6]

## References[edit]

1. ^ International human resource management: policy and practice for the global enterprise By Dennis R. Briscoe, Randall S. Schuler, Routledge, 2004, p. 189.
2. ^ "Caux Round Table: Principles for Business". hrlibrary.umn.edu. Retrieved 2024-01-12.
3. ^ "Caux Round Table for Moral Capitalism | Council for Inclusive Capitalism". Retrieved 2024-01-12.
4. ^ Thomas W. Dunfee and Thomas J. Donaldson, 'Resolving problems in global business ethics: is there evidence for universal principles or hypernorms' in The Blackwell guide to business ethics By Norman E. Bowie (2002), p. 66
5. ^ http://hrlibrary.umn.edu/instree/cauxrndtbl.htm Caux Round Table Principles for Business
6. ^ al-Ahsan, Abdullah; Young, Stephen B., eds. (2017). "Qur'anic Guidance for Good Governance". SpringerLink. doi:10.1007/978-3-319-57873-6.

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* VIAF

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