INTERPRETATION OF THE CAUX ROUND TABLE PRINCIPLES FOR BUSINESS- A GUIDANCE FOR SOCIAL RESPONSIBLE BUSINESSES

ADAM PHILLIP

Abstract

The Caux Round Table (CRT) is based on the
belief that he world business community should
play an important role in improving economic
and social conditions. As a statement of its
aspirations, it developed a document that aims
to express a world standard against which
business behavior can be measured.
The Caux Round Table was founded in 1986 by
Frederick Philips, former President of Philips
Electronics and Olivier Giscard d’Estaing,
former Vice-Chairman of INSEAD, as a means of
reducing escalating trade tensions. The CRT
Principles for Business were formally launched
in 194, and presented at the United Nations
World Summit on Social Development in 195.
The CRT Principles for Business articulate a
comprehensive set of ethical norms for
businesses operating internationally or across
multiple cultures. The CRT Principles for
Business emerged from a series of dialogues
catalyzed by the Caux Round Table during the
late 1980’s and early 190’s.

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