The Caux Round Table is an international organization of senior business executives that aims to promote ethical business practices. It was founded in 1986 in Caux, Switzerland in response to concerns about Japanese dumping of products in western markets and the need for trust-building between international executives. The CRT seeks to improve outcomes from globalization through ethical conduct and corporate social responsibility. It establishes principles for responsible business practices that respect stakeholders, contribute to economic and social development, go beyond legal compliance, respect rules and traditions, support globalization, protect the environment, and avoid illicit activities.

1. CAUX ROUND TABLE
Presented By:
Ritu Agrawal 11303
Srusti Bhavsar 11305
Siddharth Sankhala 11317
Chetanprakash Jain 11319
Maitry Thakkar 11347

2. WHAT IS CAUX ROUND TABLE(CRT)??
 Its an international organization of senior business
executives aiming to promote ethical business practice

3. WHY SUCH NAME??
 Original initiative in 1986 at Caux, Switzerland
NEED FOR CRT
 Japanese dumping products in western market
 Resulting fear of trade war
 Trust building between international executives and CSR
practices

4. PURPOSE OF CRT
 The CRT seeks to improve the outcomes of the
market economy and globalization through ethical
conduct and CSR
 “The challenge of moral capitalism is to tip the
balance of wealth creation toward humanity’s more
noble possibilities and away from the dynamics of
more brutish behavior.” –Stephen Young, Executive
Director of CRT

5. FOUNDERS
 Frits Philips
 He was the 4th Chairman of
Dutch Electronic Company
Philips
 In 1986, he launched CRT
group of senior European,
Japanese and American
business executives

6. FOUNDERS
 Olivier Giscard d’Estaing
 Chairman of committee of World
Parliament
 He has served as a member of
French Parliament
 He is the author of six books
 He has served as a mayor of
Estaing(Aveyron)

7. FOUNDATION VALUES
 Kyosei
 Means living and working together for common good
 Human Dignity
 Means all humans should treat each other with love and
respect

8. HEADQUARTERS
 Caux, Switzerland
 Minnesota, United States
AREA SERVED
 The whole world

9. WHAT IS MORAL CAPITALIZATION??
 Moral Capitalism is a field theory that integrates
intangible moral considerations with traditional
micro and macroeconomic motives
 In sum, Moral Capitalism asserts that interest and
virtue are not necessarily in conflict; that virtue is an
extension of interest rightly understood

11. PRINCIPLES FOR RESPONSIBLE BUSINESS
 Ethical norms for acceptable business behavior
1. Respect Stakeholders beyond Shareholders
2. Contribute to Economic, Social and Environmental
Development
3. Build Trust by going beyond the letter of the law
4. Respect rules and conventions
5. Support responsible Globalization
6. Respect the Environment
7. Avoid illicit Activities

12. PRINCIPLE 1:RESPECT STAKEHOLDERS BEYOND
SHAREHOLDERS
 Duty to contribute value to society through
 the wealth
 employment it creates
 the products and services it provides to consumers.
 Economic health and viability for shareholders and
stakeholders.
 Honesty and fairness towards its,
 customers
 employees
 suppliers
 competitors and
 the broader community.

13. PRINCIPLE 2: CONTRIBUTE TO ECONOMIC, SOCIAL AND
ENVIRONMENTAL DEVELOPMENT
 Business cannot sustainably prosper in societies that are
failing or lacking in economic development.
 It contributes to the economic, social and environmental
development of the communities in which it operates, in
order to build goodwill.
 Enhances society through effective and prudent use of
resources, free and fair competition, and innovation in
technology and business practices.

14. PRINCIPLE-3:BUILD TRUST BY GOING BEYOND THE
LETTER OF THE LAW
 Some business behaviors though legal can have
adverse consequences for stakeholders.
 A responsible business adheres to the spirit and
intent behind the law, which requires conduct that
goes beyond minimum legal obligations.
 A responsible business always operates with
candor, truthfulness, and transparency, and keeps
its promises.

15. PRINCIPLE 4: RESPECT RULES AND
CONVENTIONS
 A responsible business respects the local cultures
and traditions in the communities in which it
operates, consistent with fundamental principles of
fairness and equality
 To avoid Trade frictions and to promote the free
trade and equal conditions for competitors as well
as participants it should respect International and
domestic rules.

16. PRINCIPLE 5: SUPPORT RESPONSIBLE
GLOBALIZATION
 A responsible business, as a participant in the
global marketplace, supports open and fair
multilateral trade system of World Trade
Organization.
 A responsible business supports reform of domestic
rules and regulations where domestic measures
unreasonably hinder global commerce.

17. PRINCIPLE 6: RESPECT THE ENVIRONMENT
 A responsible business protects and, where
possible, improves the environment, and avoids
wasteful use of resources
 A responsible business ensures that its operations
comply with best environmental management
practices consistent with meeting the needs of
today without compromising the needs of future
generations

18. PRINCIPLE 7: AVOID ILLICIT ACTIVITIES
 A responsible business does not participate in, or
condone bribery, money laundering, or other
corrupt practices
 It should not trade in arms or other materials used
for terrorist activity, drug traffic or other organized
crimes
 A responsible business actively supports the
reduction and prevention of all such illegal and illicit
activities

19. STAKEHOLDER MANAGEMENT GUIDELINES
 Key stakeholders are dependent on business for
their well-being and prosperity. They are the
beneficiaries of ethical business practices.
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities

20. CUSTOMERS
 Provide the highest quality products and services
 Ensure the health and safety
 Protect customers from harmful environmental
 Respect the human rights, dignity and the culture of
customers in the way products and services are
offered, marketed, and advertised.

21. EMPLOYEES
 Jobs and compensation
 Working conditions
 Encourage and assist all employees
 Avoid discriminatory practices and provide equal
treatment
 Avoid illicit or abusive child labor practices.

22. SHAREHOLDERS
 Apply professional and diligent management
 Disclose relevant information to shareholders
 Conserve, protect, and increase shareholder wealth
 Respect shareholder views, complaints, and formal
resolutions.

23. SUPPLIERS
 Treat suppliers and subcontractors with fairness,
truthfulness and mutual respect
 Share information with suppliers
 Seek, encourage and prefer suppliers and
subcontractors whose:
 Employment practices respect human rights and dignity
 Environmental practices meet best practice standards

24. COMPETITORS
 Promote competitive behavior that is socially and
environmentally responsible
 Open markets for trade and investment
 Respect both tangible and intellectual property
rights

25. COMMUNITIES
 Respect human rights and democratic institutions
 Recognize government’s legitimate obligation and
support public policies and practices
 Support peace, security and the rule of law

26. CSR BY DIFFERENT ORGANIZATIONS -
INFOSYS
 Rakum School for the visually challenged:
 Mitr, the local CSR team, visited the Rakum School for
the visually challenged. Mobility, an exercise in which
team members walked blindfolded using canes, helped
them empathize with the children. The team organized
games and distributed chocolates and stationery.
 Notebook distribution:
 The Infinite Smiles CSR distributes books and
stationery to underprivileged children across Karnataka
since 2001.
 In 2009, the team touched more than 45,000 lives,
including the tribal community.

27. WIPRO
 MISSION 10X
 Mission 10X aims at enhancing employability of our
engineering graduates by empowering faculty members.
Having thus far trained over 10,000 faculty members
across 20 states, the initiative intends to now reach out to
over 25,000 additional engineering faculty in the near
future.
 Eco Eye
 To strike a balance with environment, WIPRO formed Eco
Eye a few years ago to bring all our green initiatives under
one banner, and to incorporate better ecological balance in
every project we execute.

28. AFFILIATED ORGANISATIONS
 Some of the affiliated organizations with CRT are
1. United nations global compact(UNGC)
2. The centre for ethical business culture(CEBC)
3. Corporate social responsibility Europe
4. Institute of business ethics
5. The international business forum
6. Initiatives of change

29. CURRENT HONORS BY CRT:
 Marilyn Carlson Nelson for
outstanding citizenship
 She is the chairperson of the Carlson
companies, a global company in the
hospitality industry (Radison Hotels)
 She is a co-founder of Women
Leader’s Program of the forum and
founded the Center for Integrative
Leadership at University of Minnesota
 Under her leadership, Carlson was the
first North American company who
took stands against the sexual
exploitation of children in the tourism
industry

30. MS. MARY KEITH BRAINERD
 Chief Executive Officer and
President of HealthPartners, Inc.
since 2002
 She has been Chairman and
Director
of The Federal Reserve Bank
of Minneapolis since December
2012.
o Ms. Brainerd has been a Director
of SurModics Inc. since February
2, 2009.

31. SANDY VARGAS
 Sandy Vargas is president
and CEO of The Minneapolis
Foundation, a nonprofit that
helps local philanthropists
give back to their community.
 She achieved the honor for
improving public sector
outcomes
 Equitable community through
grant making and leadership
work

32. ANY QUESTIONS??