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[PDF] Private military and security companies: a framework for regulation

…[T]he International Peace Institute reviewed thirty standards implementation and enforcement frameworks in a range of global industries…to identify how such a framework might be constructed for the global security industry (GSI)…This policy report summarizes the resulting key policy options…It argues that any effective global framework should 1) assist states to discharge their legal duty to protect human rights; 2) involve all relevant GSI stakeholders, including states; 3) use “smart incentives” to encourage stakeholder involvement and influence their conduct; and 4) improve PMSCs’ [private military & security companies] accountability…[T]his policy report provides blueprints for five different frameworks...1) a global watchdog; 2) an accreditation regime; 3) an arbitral tribunal; 4) a harmonization scheme; and 5) a global security industry club…