Where are the PSC regulations?
Although Erik Prince resigned as Blackwater’s CEO in March 2009, he remains the Chairman and sole owner. The company has received millions of dollars in government contracts and despite Iraqi government’s protests, the US State Department – disregarding various ongoing investigations by their own departments against the firm – renewed Blackwater’s contract in 2008 (the Iraqi government refused the renewal).
The problem goes deeper. In UK, around 11,000 non-EU nationals acting as quasi-PSCs are guarding sensitive sites. Recently, Afghan authorities had shut down two private security companies (as they were charged under murder and robbery). Marouane Bourannane, the security guard who protected Gordon Brown at the Labour Party conference, was held travelling on a fake French passport after being actually ‘vetted’ by his security firm. We wonder, why in heavens aren’t nations passing structured regulations on the PSC industry if it’s now not just a question about guarding people, but of guarding nations and their leaders?
Although Erik Prince resigned as Blackwater’s CEO in March 2009, he remains the Chairman and sole owner. The company has received millions of dollars in government contracts and despite Iraqi government’s protests, the US State Department – disregarding various ongoing investigations by their own departments against the firm – renewed Blackwater’s contract in 2008 (the Iraqi government refused the renewal).
The problem goes deeper. In UK, around 11,000 non-EU nationals acting as quasi-PSCs are guarding sensitive sites. Recently, Afghan authorities had shut down two private security companies (as they were charged under murder and robbery). Marouane Bourannane, the security guard who protected Gordon Brown at the Labour Party conference, was held travelling on a fake French passport after being actually ‘vetted’ by his security firm. We wonder, why in heavens aren’t nations passing structured regulations on the PSC industry if it’s now not just a question about guarding people, but of guarding nations and their leaders?
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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