According to the caux principles for business, the ethical ideal of kyosei means

Global codes of conduct; Global ethics guidelines; International ethics principles, standards, and guidelines

Definition

The Caux Round Table (CRT) Principles for Business articulate a worldwide vision for ethical and responsible corporate behavior. As a set of seven core principles, they serve as a foundation for ethical action for business leaders across the globe. The CRT Principles are a statement of aspirations that seek to communicate a world standard against which business social and ethical behavior can be gauged.

The CRT Principles for Business were created through a sophisticated, collaborative process in 1994. The Principles were developed by business leaders and, therefore, carry considerable credibility in the business community. They are the end result of a process that sought to identify shared values, reconciling differing values, and concluding in a shared point of view about business behavior that would be deemed acceptable to and honored by all.

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References and Readings

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Author information

Authors and Affiliations

  1. Professor Emeritus, Department of Management, Terry College of Business, University of Georgia, 401 Brooks Hall, Athens, GA, 30602, USA

    Archie B. Carroll

Authors

  1. Archie B. Carroll

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Correspondence to Archie B. Carroll .

Editor information

Editors and Affiliations

  1. London Metropolitan Business School, London Metropolitan University, Moorgate, London, UK

    Samuel O. Idowu

  2. Loyala University New Orleans, New Orleans, LA, USA

    Nicholas Capaldi

  3. International Labor Organization, International Training Center, Viale Maestri del Lavoro, Turin, Italy

    Liangrong Zu

  4. Indian Institute of Plantation Management, Bangalore, India

    Ananda Das Gupta

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Carroll, A.B. (2013). Caux Round Table Principles. In: Idowu, S.O., Capaldi, N., Zu, L., Gupta, A.D. (eds) Encyclopedia of Corporate Social Responsibility. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_14

What are the Caux principles?

Principle 1: Respect stakeholders beyond shareholders. A responsible business has responsibilities beyond its investors and managers. Principle 2: Contribute to economic and social development. Principle 3: Build trust by going beyond the letter of the law.

What is the basic concern of Kyosei?

Kyosei-living and working together for the common good, allowing cooperation and mutual prosperity to coexist with healthy and fair competition. Human Dignity- the value of each person as an end, not a means to the fulfillment of others' purposes.

What was the core purpose of the Caux principles for Responsible Business?

The Caux Round Table (CRT) Principles for Responsible Business set forth ethical norms for acceptable businesses behaviour. Trust and confidence sustain free markets and ethical business practices provide the basis for such trust and confidence.

Which ethical system defines ethical behavior according to how others behave?

Ethical relativism is the theory that holds that morality is relative to the norms of one's culture. That is, whether an action is right or wrong depends on the moral norms of the society in which it is practiced.