Caux Round Table Principles

In the Caux Round Table Principles for Business there are seven principles that Monsanto should follow when developing them with a global approach that is corporately responsible (Thorne, 2010). The first principle established the basis for respect among all shareholders. The company’s established board of directors should treat all of their stakeholders including employees, customers and investors with the same amount of respect as they would want be provided to them. Monsanto should continue to seek out innovative ways that their employees can better do their jobs and provide more output for the farmers, while maintaining an ethical balance within that does not see shortcuts taken to increase their financial status. If an issue were to arise, they should be up front and honest with all the stakeholders so that they all have the
The company needs to do whatever it can to hire any new employees needed from the community itself and not bus in workers from other areas they are already established in, taking them from that community. There are employees with the same skills sets all over, we should do what we can to reach out to those and benefit not just our company but the employee themselves. The third principle establishes the thought that the company must respect the law and its intent (Thorne, 2010). Monsanto should maintain a highly ethical approach to their business dealings. In the company and on the company’s board of directors, there should be business leaders who are extremely knowledgeable of ethics and business laws. As changes are made in existing laws, the leaders of the company should say on top of them and assure that all policies in place are effective in preventing any possible legal issues. The company being respectful of the rules of the community and the traditions that they uphold is the fourth principle (Thorne, 2010). When establishing itself in a new community, Monsanto should also immerse themselves in the community and