Introduction to the 2000 Business Ethics Summit Report


Report on the 2000 Business Ethics Summit in Toronto
"Reality Check: Business Ethics in the Real World"


"What's especially valuable about this summit is its commitment to developing workable solutions: outcomes that can be implemented once this summit is over." - Dr. Chitra Reddin, Vice-President, Public Affairs, CICA

Introduction

By all accounts, the second annual business ethics summit Reality Check: Business Ethics in the Real World was an unqualified success.

All participants enthusiastically embraced the practical, real-world orientation of the two-day event.

The theme and purpose of Reality Check flowed naturally from the first business ethics summit in the Fall of 1999. Participants at that summit established key themes aimed at the advancement of business ethics.

Four working groups took up the challenge of addressing these separate yet interdependent themes:

  1. Business Case: if businesses exist to be profitable, what benefit does ethics offer to business leaders? Is ethical behaviour profitable?

  2. Measuring business practices: if we are to treat business ethics as a practical business issue, can we develop a credible way of measuring the level of corporate social behaviour?

  3. Education and training: if business ethics isn't as strong as it should be, where are the weaknesses? Who should be responsible for delivering the improvements? And how should it be done?

  4. Developing a common language: if the words we use in discussing business ethics don't have universally understood meanings, it weakens the entire effort. What is the solution?

Reality Check was by no means the culmination of their work. The goal of Reality Check was precisely to put their work through a reality check so that effective, practical business ethics products could be developed and marketed.

A true reality check on business ethics can only happen with the involvement of the people who are impacted by the work of these groups: business leaders. That is why, in planning Reality Check, the summit's organizers aimed for a balance of senior business people, ethics experts and academics.

Others participants, like Steven Young, called Reality Check "leading stuff". Young is the global executive director of The Caux Round Table, an impressive group of senior business leaders from North America, Europe and Japan committed to promoting principled business leadership.

Just as importantly, Reality Check could not have happened without the generous support of its sponsors, represented at the summit by Bob Lord, Chair, Canadian Institute of Chartered Accountants, Don Lenz, Director, The Laidlaw Foundation, Scott Wood, Director, Nike Canada Ltd., and Louise Cannon, Vice President, Compliance of Scotiabank.

A special note of appreciation goes out to Roger Parkinson, Chair of The Globe and Mail, who was a skillful and enthusiastic facilitator for Reality Check.

With the success of this summit, there now exists an unprecedented opportunity to create real changes in the commitment of business to ethical and socially responsible practices.


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