Frits Philips - The Caux Round Table

The Caux Round Table

In 1986, Frits Philips launched the Caux Round Table (CRT) group of senior European, Japanese and American business executives. Alarmed to hear that the Japanese were dumping their products on the western market, he feared a growing trade war. He saw the need to build trust among international executives and for Corporate Social Responsibility practices. The CRT’s Principles for Business were published in 1994, incorporating western concepts (human dignity...) and Japanese ones (kyosei, interpreted as “living and working together for the common good”). An international code of good practices written by such senior industrialists from such varied backgrounds remains exceptional today. It was presented to the UN Social Summit in Copenhagen in 1994. It has since become a standard work, translated into 12 languages,and has been used as the basis for internal ethical assessments by international companies such as Nissan.