chapter  12
Principle-based leadership: lessons from the Caux Round Table
BySTEPHEN B. YOUNG
Pages 17

The socio-economic problems in the world cannot be tackled by governments or civil society alone. The Caux Round Table (CRT) believes that the world business community should play an important role in improving economic and social conditions. In this chapter I show how a group of committed senior business leaders across countries and cultures has bundled their energy in the CRT network to define principles for responsible business (Principles for Business), to promote them and to start a change process in business towards corporate responsibility. Based on the experience over the past 20 years of intensive work and dialogues with senior business executives participating in Caux Round Table dialogues, I derive five leadership lessons: first, the need for principles; second, what gets managed, gets accomplished; third, interests must be addressed; fourth, culture counts; and fifth, the fish rots from the head.