July 30, 2014

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CSR Press Release

Caux Round Table 2012 Global Dialogue

NEEDED: Cross-sector Leadership to Realize a Truly Sustainable Market Economy for Europe and the World

Submitted by: Caux Round Table, The

Categories: Sustainability, Business Ethics

Posted: Apr 12, 2012 – 04:25 PM EST

 

ST. PAUL, Minn., Apr. 12 /CSRwire/ - The Caux Round Table announces its 2012 Global Dialogue at Mountain House in Caux, Switzerland, for July 29, 30 and 31.

Registration is available on the Caux Round Table’s website at www.cauxroundtable.org

The market economy in the West is facing a deepening crisis. Our free market system is drifting on the tides of fate without much of a leadership, ethical or values rudder. Debt, materialism and self-interest have increasingly dominated life in the West and financial intermediation and business have, in large part, become decoupled from long-term or societal value creation. As a result, the fabric of society is being seriously stressed, thereby bringing the sustainability of the soft, welfare state into question.

If the free market system is to survive and prosper, major reform and change is clearly needed. But where will the needed leadership for change and reform come from?

Governments, multilateral bodies, and regulators clearly have a critical role to play, but more enlightened business leadership holds the real key. Will business leaders see the light and lead beyond their corporate walls in addressing the threats to the future of the free market system? Will business leaders rise to the challenge and deliver the new business models and behaviors necessary to chart a new paradigm for responsible enterprise and shared prosperity in the emerging, new world order?

Recognition and concern is certainly growing. The Financial Times recently published a series of commentaries on the theme “Capitalism In Crisis;” the World Economic Forum meeting in Davos in January was filled with angst over the future of capitalism, and UK Prime Minister David Cameron has joined earlier calls by French President Nicholas Sarkozy for  a “moral capitalism.”

Yet there are few, if any, recommendations for real action. The Financial Times, for example, merely opined that “Since Adam Smith, intelligent defenders of free markets have known that capitalism works best when people’s free choices are also governed by moral values.”

This has been the position of the Caux Round Table for 26 years, since its first meeting at Mountain House in Caux, Switzerland. Since then, the Caux Round Table has moved forward strategically and intellectually with principles and management tools to make such a moral capitalism more of a reality.

Participants at the Global Dialogue will contribute their views and experiences on large global challenges facing not only business decision-makers, but all national and international leaders and their constituents.

Four major recommendations for reform of global capitalism will be discussed at this Global Dialogue. They will include:

  • The role of governments
  • Repositioning of finance and banking
  • New rating agencies and valuation methodology
  • Revision of financial theory

The preliminary agenda is available on the Caux Round Table’s website at www.cauxroundtable.org.

For more information, please contact:

Jed Ipsen Associate Director
Phone: 651.223.2863

For more from this organization:

Caux Round Table, The

 

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