The Caux Round Table has attempted to facilitate the engagement of public and private decision-makers around high standards of responsibility with the publication of ethical principles for business and for government. When challenged to respond to concerns over lower standards of citizenship that undermine fidelity to such principles, the Caux Round Table suggested certain principles for good citizenship.
In the United States, keeping constitutional and republican traditions of democracy and free markets demands high standards of citizenship, no more so than now under conditions of financial crisis and economic recession.
Therefore, in Minnesota, The Caux Round Table annually organizes an event to recognize and celebrate these standards. This year, we honored Bill George, the former Chairman and CEO of Medtronic, for his years of responsible leadership in business and civil society.
Mr. George now teaches management at the Harvard Business School. Earlier this spring, in response to the financial crisis, several students of his initiated an MBA oath to do no harm. Their idea has gained considerable traction, and has been promoted through social networking sites such as Twitter and Facebook. This is a testament to Bill's ongoing commitment to high standards of citizenship.
The 2008 recipients of the Caux Round Table's Citizenship Award were George and Sally Pillsbury.