Control Risks highlights need to revisit Voluntary Principles on Security & Human Rights in light of new geopolitical realities
Author: William Daly of Control Risks, Forbes (USA), Published on: 13 March 2015
'In Hostile Environments, A New Weapon: Ethics', 3 Mar 2015
...The year 2014 saw the highest rate of political instability since 1992,...[R]ising instability is a problem burdening governments and businesses alike...[B]usinesses operating on the ground must place a higher premium on security policies...But ramping up security has the potential to introduce new risks...[M]any businesses have signed on to promote the Voluntary Principles on Security and Human Rights...There are several ways companies have incorporated the principles into their security plans. A well-known oil company has taken these recommendations and put the human rights language directly into their contracts with private security providers...Another energy company...prides itself on the use of community engagement strategy to stem security concerns...It may well be time to revisit the Voluntary Principles in light of shifting risks and new geopolitical realities...[C]ompanies using these principles should reassess their own efforts to make sure they remain adequate.