What are the Caux principles?

These principles are rooted in two basic ethical ideals: kyosei and human dignity. The Japanese concept of kyosei means living and working together for the common good enabling cooperation and mutual prosperity to coexist with healthy and fair competition.

What was the core purpose of the Caux principles for responsible business?

The Caux Round Table (CRT) Principles for Responsible Business set forth ethical norms for acceptable businesses behaviour. Trust and confidence sustain free markets and ethical business practices provide the basis for such trust and confidence.

What are principles of responsible business?

A responsible business always operates with candor, truthfulness, and transparency, and keeps its promises. A responsible business respects the local cultures and traditions in the communities in which it operates, consistent with fundamental principles of fairness and equality.

What Caux?

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.

What is one of the responsibilities of an ethics officer?

Terms in this set (5) An individual hired by a company to be responsible for making sure that all employees are trained to be ethically aware, that ethical considerations enter the decision-making process, and that employees follow the company’s code of ethics.

What are the ethical issues of outsourcing?

Concerns regarding ethics in outsourcing practices

• Security Concerns: The core concern of outsourcing ethics is confidential information security.
• Fall in Service Quality: There is concern that services delivered from half-way across the globe might not meet quality expectations.

What do you mean by the Caux Round Table or CRT?

The Caux Round Table (CRT) Principles for Business articulate a worldwide vision for ethical and responsible corporate behavior. The CRT Principles are a statement of aspirations that seek to communicate a world standard against which business social and ethical behavior can be gauged.

What does triple bottom line mean for a company?

The triple bottom line is a business concept that posits firms should commit to measuring their social and environmental impact—in addition to their financial performance—rather than solely focusing on generating profit, or the standard “bottom line.” It can be broken down into “three Ps”: profit, people, and the …

Is Caux a word?

In the Norman language caux means lime, calcium carbonate. Example: Caux dialect candelle, English candle, French chandelle ). The name of the neighbouring Pays de Bray comes from an Old French word of Gaulish origin for mud.

Who should an Ethics Officer report to?

In order to perform these responsibilities the chief ethics officer must be given support, independence, and opportunity to influence key decision-making board members. The chief ethics officer normally reports to the chief executive officer, and have some access to the board of directors.

What is one of the goals of ethics training?

The purpose of Ethics Training is “to enable employees to identify and deal with ethical problems developing their moral intuitions, which are implicit in everyday choices and actions” (Sacconi, de Colle & Baldin: The Q-RES Guidelines for Management, 2002).

What are the principles of the Caux Round Table?

Seven core principles underlie the Caux Round Table for Moral Capitalism approach to responsible business practices. They are rooted in the recognition that neither the law nor market forces are sufficient to ensure positive and productive – in every sense of the term – conduct. Principle 1: Respect stakeholders beyond shareholders.

Who is the director of the Caux Round Table?

B. Young is the Global Executive Director of the Caux Round Table, an international network of experienced business leaders who advocate a principled approach to global capitalism. Young has published Moral Capitalism, a well-received book written as a guide to use of the Caux Round Table ethical and socially responsible Principles for Business.

What are the principles of a responsible business?

A responsible business has responsibilities beyond its investors and managers. Principle 2: Contribute to economic and social development. Principle 3: Build trust by going beyond the letter of the law. Principle 4: Respect rules and conventions. Principle 5: Support responsible globalization.

What are the CRT principles for Responsible Business?

The CRT Principles for Responsible Business are supported by more detailed Stakeholder Management Guidelines covering each key dimension of business success: customers, employees, shareholders, suppliers, competitors, and communities. These Stakeholder Management Guidelines can be found at Attachment A below.