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Sesi 2 - Ethics Principles
Sesi 2 - Ethics Principles
Business
Faculty of Economics and
Business
Supriyadi, Ph.D.
Caltex in South Africa
• A discussion of apartheid-era South Africa and
Caltex, an American oil company operating in South
Africa during that time.
• A large number of Caltex stockholders opposed the
company's operations in South Africa, and
introduced a series of shareholder resolutions
requiring Caltex to leave South Africa, which they
saw as racist and immoral.
• Caltex’s management did not agree.