Caux Initiatives for Business (CIB) encourages business leaders, young professionals, NGO representatives, trade unionists, experts and decision makers to work together to bridge the gap between the theory and practice of values - in personal conduct and in economic life.
Letter to the Editor published in The Daily Telegraph (London)
by CHRIS EVANS and MICHAEL SMITH (Caux Initiatives for Business)
Letter to the Editor published in The Daily Telegraph (London), 9 July 2002
Adam Smith, author of The Wealth of Nations, also wrote The Theory of Moral Sentiments. He described 'the man within us' as 'the vice regent of the deity' or, in today's parlance, conscience. The separation of these two works has given us a distorted notion of how free-market capitalism should work. Capitalism without conscience leads to corruption.
The less that individuals practise an internal audit of personal integrity, the more there is a need for regulation and legislation. The Enron and WorldCom scandals starkly emphasise the need to restore motivations of personal integrity into the corridors of corporate power. Smith seemed to suggest that these spring from moral and spiritual roots. In a globalised world, there is a patent need to globalise ethical practice.
What do you think? Send your comments to Caux Initiatives for Business.
Against the backdrop of the economic crisis in Greece, Italy and other EU economies, the conference entitled ‘Trust and integrity in the global economy’, 17-23 July 2012, will explore ways to help create a just and equitable global economy.
Lessons from the Global Financial Crisis
by Dr Noel Purcell, Chair, Caux Round Table
Podcasts of the TIGE 2011 conference are available here. Please click on the links below to download.
Yahaya Ahmed at the Trust and Integrity in the Global Economy Conference
Date: Monday, 8 August 2011
Yahaya Ahmed discusses the development of a solar cooker that uses less resources
Sergio Gridel, Philip Koenig et Nicolas Reynaud sur la « Gouvernance de Communion: redécouvrir le management
Date: Friday, 5 August 2011
Témoignage de Sergio Gridel, Philip Koenig et Nicolas Reynaud sur la « Gouvernance de Communion:redécouvrir le management » lors de la rencontre Confiance et intégrité dans une économie mondialisée (TIGE). Avec introduction par Lavinia Sommaruga.
Göran Carstedt, chairman of The Natural Step International, speaking on “Creating a sustainable future – the leadership challenge of our time”
Ronnie Lessem and Alexander Schieffer on “Integral Economics: a new transcultural approach towards social and economic transformation”
Date: Saturday, 6 August 2011
Ronnie Lessem, from the UK, and Alexander Schieffer from Switzerland on “Integral Economics: a new transcultural approach towards social and economic transformation”
Sumio Takeichi on “Green Energy: future for a sustainable global economy”
Date: Sunday, 7 August 2011
Sumio Takeichi (Japan, Limited Partner of the Green Finance Corporation (GFC), during the “Trust and integrity in the global economy“ conference
Speech by Paul Moore at the opening of the ‘Trust and Integrity in the Global Economy’
Date: Thursday, 4 August 2011
Paul Moore, the former head of group regulatory risk at Halifax Bank of Scotland HBOS, internationally known as ‘the HBOS whistle-blower’; telling his personal story and the lessons learned for the future of the financial services sector and the global economy.
Diana de Vallescar habla sobre "Diaspora, identidad y el rol de las políticas de identidad"
Date: Saturday, 6 August 2011
Diana de Vallescar habla durante la conferencia "Aprender a vivir en un mundo multicultural" sobre "Diaspora, identidad y el rol de las políticas de identidad"
Caux Conferences - Report 2011
Download report here
Caux Conferences - Report 2010
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Caux Conferences - Report 2009
Download report here