Now they do. This is an oath that was being forwarded by the Young Global Leaders Forum at Davos 2009. It is similar to the MBA Oath.

The YGL Global Business Oath aims to transform the value system dominant today among business leaders around the world by (a) explicitly recognizing that the ultimate purpose of management is to serve society by bringing together people and resources to create sustainable and inclusive prosperity that no single individual can create alone, (b) recognizing that the effects (good and bad) of managerial decisions in the welfare of society are amplified by the accumulation of resources under legal corporations, and (c) proposing a code of conduct—a modern day “Hippocratic Oath of Business”—that spells out a commitment to “doing no harm” throughout the practice of management.

This is the text of the latest draft of the Oath:

Global Business Oath

As a business leader I recognize that

* The enterprise I lead must serve the greater good by bringing together people and resources to create value that no single individual can create alone,
* My decisions can have far-reaching consequences that affect the wellbeing of individuals inside and outside my enterprise, today and tomorrow,
* As I reconcile the interests of different constituencies, I will face choices that are not easy for me and others,

So I promise that

1. I will manage my enterprise diligently and in good faith and will not let personal considerations and compensation supersede the long-term interest of my enterprise and society at large,
2. I will understand and uphold, both in letter and spirit, the laws and contracts governing my own conduct and that of my enterprise,
3. I will respect and protect the human rights and dignity of all people who are affected by my enterprise and will oppose all forms of discrimination and exploitation,
4. I will respect and protect the right of future generations to enjoy a clean and resourceful planet,
5. I will not engage in nor tolerate bribery or any other form of corruption,
6. I will represent the performance and risks of my enterprise accurately and honestly to each of the constituencies that are affected by it,
7. I will actively engage in efforts to finding solutions to critical social and environmental issues that are central to my enterprise, and
8. I will invest in my own professional development as well as the development of other managers under my supervision

In exercising my professional duties according to these principles I recognize that my behavior must set an example of integrity and responsible conduct.

This pledge I make freely and upon my honor.

What do you think?

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One Response to What if Business Leaders had an Oath?

  1. […] This post was mentioned on Twitter by Wendy, ColnaTec. ColnaTec said: I'll take the oath (via @danielho) http://bit.ly/9slSLw […]

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