CAUX ROUND TABLE

Presented By:

Ritu Agrawal 11303

Srusti Bhavsar 11305

Siddharth Sankhala 11317

Chetanprakash Jain 11319

Maitry Thakkar 11347

WHAT IS CAUX ROUND TABLE(CRT)??

Its an international organization of senior business

executives aiming to promote ethical business practice

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

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

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

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)

FOUNDATION VALUES

Kyosei

Means living and working together for common good

Human Dignity

Means all humans should treat each other with love and

respect

HEADQUARTERS

Caux, Switzerland

Minnesota, United States

AREA SERVED

The whole world

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

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

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.

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.

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.

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.

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.

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

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

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

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.

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.

SHAREHOLDERS

Apply professional and diligent management

Disclose relevant information to shareholders

Conserve, protect, and increase shareholder wealth

Respect shareholder views, complaints, and formal

resolutions.

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

COMPETITORS

Promote competitive behavior that is socially and

environmentally responsible

Open markets for trade and investment

Respect both tangible and intellectual property

rights

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

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.

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.

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

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

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.

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

ANY QUESTIONS??