Caux Round Table

{{Short description|International business social organization}}

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{{Infobox organization

| name = Caux Round Table

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| founded_date = 1986

| founder = Frits Philips and Olivier Giscard d'Estaing

| location = Caux, Switzerland, and Minnesota, United States

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| area_served = World

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| focus = to promote ethical and sustainable business practices and facilitate fair international trade

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| leader_title = Global Executive Officer: Stephen B. Young

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| homepage = http://www.cauxroundtable.org/

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The Caux Round Table (CRT) is an international organization of senior business executives formed to promote ethical business practices.International human resource management: policy and practice for the global enterprise By Dennis R. Briscoe, Randall S. Schuler, Routledge, 2004, p. 189. It was founded in 1986 by Frits Philips,{{Cite web |title=Caux Round Table: Principles for Business |url=http://hrlibrary.umn.edu/instree/cauxrndtbl.htm |access-date=2024-01-12 |website=hrlibrary.umn.edu}} President of Philips, Olivier Giscard d'Estaing, and Ryuzaburo Kaku, President of Canon.{{Citation needed|date=April 2024}} The current Global Executive Director is lawyer and business author Stephen B. Young.https://vietnamveterannews.com/episode-2582/{{Cite web |date=2019-01-03 |title=Staff & Board |url=https://www.cauxroundtable.org/staff-board/ |access-date=2024-06-08 |website=Caux Round Table for Moral Capitalism |language=en-US}}

Frits Philips founded CRT to build trust between international executives and to implement Corporate Social Responsibility practices, in the face of concerns that Japanese exports would flood the Western market and cause a trade war.{{cn|date=June 2024}} The CRT’s Principles for Business were published in 1994, incorporating Western and Japanese concepts (such as 'kyosei', the working together for the common good).{{cn|date=June 2024}} It was presented at the 1994 UN Social Summit in Copenhagen.{{Cite web |title=Caux Round Table for Moral Capitalism {{!}} Council for Inclusive Capitalism |url=https://www.inclusivecapitalism.com/organization/caux-round-table-for-moral-capitalism/ |access-date=2024-01-12 |language=en-US}}

The CRT holds an annual meeting and produces guides for different types of organizations.{{cn|date=June 2024}} Every three years, the annual meeting is held at Caux, Switzerland, where the original initiative took place in 1986.Thomas W. Dunfee and Thomas J. Donaldson, 'Resolving problems in global business ethics: is there evidence for universal principles or hypernorms' in The Blackwell guide to business ethics By Norman E. Bowie (2002), p. 66http://hrlibrary.umn.edu/instree/cauxrndtbl.htm Caux Round Table Principles for Business