Ethical conduct is something that becomes inherent in an organization over a long period of time.
Period Long Conduct
The main professional responsibility of a person in business is business.
It is important to remember that all business has an impact on the lives of real people.
Real People Remember Lives
The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system.
Civic Institutions Flow
A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important.
Market-Based Society Fertile
I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available.
Available Restrict Interesting
I have a great deal of difficulty with those who live in a hugely prosperous country telling people in the developing world that they should be deprived of a critical source of energy.
Prosperous Developing Country
In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships.
Countries Unsavory Corruption
It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.
The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.
Committed Which Work Hard
There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.
Person Think Provided
There is no system that is inherently moral if the participants themselves are not.
Moral Participants System