The seemingly endless series of corporate scandals emerging around the world underscores the point that responsible business management is in the long term vital to making profits, according to the leader of a global group that promotes business ethics.
"The basic idea is that all businesses need to conduct themselves so that they are fair and ethical with regard to all of their stakeholders -- not only shareholders, but customers, staff, suppliers, communities that they are living in (and) the environment," George Vojta, chairman of Caux Round Table, told The Japan Times in a recent interview.
The CRT, founded in 1986, is a group of senior business leaders from Europe, Japan and North America committed to the promotion of principled business leadership.