In 1989, there was a desire to act ethically in the internal policies of businesses. With the effect of globalization, there is a need to determine ethical rules on a universal scale. The Caux Round is also called the Round Table. It was formed under the leadership of enterprises originating in Europe, Japan, and the USA. Philips Electronics and INSEAD founded it. The Minnesota Center for Corporate Responsibility created it in language and form. Attention was drawn to the global responsibility of companies in reducing social and economic attacks that negatively affect world peace and order. Principles have been established to develop fundamental economic and social relations between member countries and determine the typical responsibilities towards businesses and societies in other countries in the fastest way. Various forms have been established regarding businesses' social duties and ethical responsibilities. These principles aim to create healthy and natural competition within the framework of mutual respect and trust worldwide. The Caux principles are based on two fundamental ethical ideals, Kyosei, and human dignity. (Kyosei means working and living together by creating cooperation for the common benefit.) It is a social responsibility initiative that emphasizes the importance of international cooperation for social purposes such as world peace, social stability, solidarity, and justice.
Caux Principles:
Paying attention to contributing to the development of human rights and reforms,
Recognizing the necessity of economic competition,
Mutual trust in relations with the sub-industry that provides input and produces parts,
Implementing professional and attentive management policies,
Adopting a transparent management approach,
Increasing the assets and values of investors,
Opening business areas that will improve living conditions and making additional payments to employees,
Creating a working environment that protects the health and rights of employees,
Adopting an in-house democratic management approach,
Creating policies suitable for gender equality within the institution,
Complying with the prohibition of discrimination inside and outside the institution,
Increasing the number of disabled employees,
Being sensitive to the unemployment problem occurring in society,
Being respectful to the environment,
Avoiding illegal work and
There are many similar principles, such as supporting international agreements.