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Caux Principles

The Caux Principles for Business are a set of global ethical business principles developed by the Caux Round Table (CRT), which was organized in 1986 by European, U.S., and Japanese business executives who met in Caux, Switzerland. The principles include a preamble, seven general principles, and six specific sets of stakeholder principles, which involve customers, employees, shareholders, suppliers, competitors, and communities. CRT meets annually, but every third year at Caux, Switzerland, hence their name. The Principles, which are more detailed than the United Nations Global Compact or other similar principles, were first presented to business leaders in 1994.

To have efficient, fair, and trustworthy markets, CRT executives recognized the need for global ethical business standards. CRT based the Principles for Business on two basic ethical principles. ...

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