The Caux Round Table is an international organization of senior business executives aiming to promote ethical business practice. It was founded in 1986 by Frits Philips, president of Philips, and Olivier Giscard d'Estaing, along with Ryuzaburo Kaku, president of Canon. Frits Philips had been alarmed to hear from reliable sources that the Japanese were dumping their products on the Western market and he feared a growing trade war. He saw the need for trust-building between international executives and for Corporate Social Responsibility practices. The CRT’s Principles for Business were published in 1994, incorporating western concepts (human dignity...) and Japanese ones (kyosei, interpreted as “living and working together for the common good”). An international code of good practices written by such senior industrialists from such varied backgrounds remains exceptional today. It was presented to the UN Social Summit in Copenhagen in 1994. It has since become a standard work, translated into 12 languages, and has been used as basis for their internal ethical assessments by international companies such as Nissan. More information...
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