CSR from the fresh MBAs?

Well BusinessWeek and Economist both mentioned about The MBA Oath, started by some class of 2009 Harvard Business School MBAs and spreading quite virally like the H1N1. Should I give this oath and its signatories the benefit of a doubt? The shorter version of the oath is swift and clear:

As a manager, my purpose is to serve the greater good by bringing people and resources together to create value that no single individual can build alone. Therefore I will seek a course that enhances the value my enterprise can create for society over the long term. I recognize my decisions can have far-reaching consequences that affect the well-being of individuals inside and outside my enterprise, today and in the future. As I reconcile the interests of different constituencies, I will face difficult choices.

Therefore, I promise:
I will act with utmost integrity and pursue my work in an ethical manner.
I will safeguard the interests of my shareholders, co-workers, customers, and the society in which we operate.
I will manage my enterprise in good faith, guarding against decisions and behavior that advance my own narrow ambitions but harm the enterprise and the societies it serves.
I will understand and uphold, both in letter and in spirit, the laws and contracts governing my own conduct and that of my enterprise.
I will take responsibility for my actions, and I will represent the performance and risks of my enterprise accurately and honestly.
I will develop both myself and other managers under my supervision so that the profession continues to grow and contribute to the well-being of society.
I will strive to create sustainable economic, social, and environmental prosperity worldwide.
I will be accountable to my peers and they will be accountable to me for living by this oath.

This oath I make freely, and upon my honor.

I wonder the people sweating and rewriting for the ISO standards on social responsibility would think about shortening and distilling everything into these few lines of texts. Conscience doesn't have to be pages and pages of extraneous guidelines, or does it? Let's hope these individuals who signed or will be signing really put their money where their mouth is. Let's hope they don't include the future incarnations of Jeffery Skillings or Dubya. Both are products of HBS, which the institution would rather you don't notice. You see, prestigious ivory tower can get us some poison ivies at times.

I keep my skeptical fingers crossed ;-).