The More Money You Have, the More You Should Care About CSR
The more money you have at stake, the more should you care about CSR – corporate social responsibility.
CSR is a business philosophy and profit-making strategy that links a company’s value to all those who contribute to its success: customers, employees, owners, creditors, suppliers, community, environment.
CSR also stands for “company stakeholder relationships”.
Managing stakeholder relationships is the best and surest way to build value.
Those who have assets and those who hope to acquire assets need to worry a lot about value.
Some of their most valuable assets are in a company; others in land or real estate; more in securities and other contracts for investment return.
In every case, upholding the asset value of their wealth draws thoughtful concern.
This is especially true today after the meltdown of financial markets and the resulting global recession
Reflections on the 20th Anniversary of the Caux Round Table Principles for Business
The Caux Round Table ("CRT") Principles for Business were launched twenty years ago this past week.
In retrospect, after the collapse of Communism and socialism as viable alternatives to capitalism, the CRT Principles were the first rigorous intellectual advance in the understanding of how free markets and business enterprise could more comprehensively succeed from the perspectives of human flourishing and social justice concerns.
The Japanese, European and American business leaders who authored the CRT Principles in 1994 innovatively raised the level of practical expectations for the outcomes of capitalism as an economic system, one taking into account the relevant demands of civil society and achieving sustainable prosperity.
The CRT Principles were presented to U.N. Secretary General Kofi Annan. Several years later, his office sponsored the Global Compact, by which companies and other private sector organizations could pledge their support for nine goals (later ten) set forth for governments by international treaty commitments among sovereign states.
To continue reading, please click here.
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CSR is a business philosophy and profit-making strategy that links a company’s value to all those who contribute to its success: customers, employees, owners, creditors, suppliers, community, environment.
CSR also stands for “company stakeholder relationships”.
Managing stakeholder relationships is the best and surest way to build value.
Those who have assets and those who hope to acquire assets need to worry a lot about value.
Some of their most valuable assets are in a company; others in land or real estate; more in securities and other contracts for investment return.
In every case, upholding the asset value of their wealth draws thoughtful concern.
This is especially true today after the meltdown of financial markets and the resulting global recession
Reflections on the 20th Anniversary of the Caux Round Table Principles for Business
The Caux Round Table ("CRT") Principles for Business were launched twenty years ago this past week.
In retrospect, after the collapse of Communism and socialism as viable alternatives to capitalism, the CRT Principles were the first rigorous intellectual advance in the understanding of how free markets and business enterprise could more comprehensively succeed from the perspectives of human flourishing and social justice concerns.
The Japanese, European and American business leaders who authored the CRT Principles in 1994 innovatively raised the level of practical expectations for the outcomes of capitalism as an economic system, one taking into account the relevant demands of civil society and achieving sustainable prosperity.
The CRT Principles were presented to U.N. Secretary General Kofi Annan. Several years later, his office sponsored the Global Compact, by which companies and other private sector organizations could pledge their support for nine goals (later ten) set forth for governments by international treaty commitments among sovereign states.
To continue reading, please click here.
| Title: | Reflections on the 20th Anniversary of the Caux Round Table Principles for Business |
| Date: | 04-Aug-2014 |
| Category: | Opinion Essays |
| Source/Author: | Cauxroundtable |
| Description: | The Caux Round Table ("CRT") Principles for Business were launched 20 years ago this past week. In retrospect, after the collapse of Communism and socialism as viable alternatives to capitalism, the CRT Principles were the first rigorous intellectual advance in the understanding of how free markets and business enterprise could more comprehensively succeed from the perspectives of human flourishing and social justice concerns. |
What Happened?
The meltdown of global credit markets starting with American sub-prime mortgage loans, leading to the death of Wall Street as we have known it, and now to a serious global recession, seemingly came out of nowhere. How did it happen? What rules of good business practice were violate to cause such a market failure? The CRT has published a series of short essays addressing these questions. To read them, click here. |
 Qur'anic Guidance for Good Governance. The CRT believes that prosperity and successful business endeavor can best occur under conditions of good governance. Social capital is a precondition for the accumulation of financial wealth. Working with scholars from many Islamic countries at a seminar at the International Islamic University Malaysia, the CRT collaborated in opening remarkable vistas of understanding Qur'anic guidance that fully embraces the CRT's ethical Principles for Government. To read these most important essays which refute the thesis that there must be a clash of civilizations between Islam and others, click here. |
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