ABSTRACT
This chapter argues that in the private security industry (PSI) initiatives were the result of deliberate decisions by key contracting and home states. It examines a series of national management system standards created by American National Standards Institute (ANSI) International with the support of the PSI and funding provided by the US Department of Defense. The chapter suggests that a preliminary assessment is possible. Based on interpretation of the United Nations 'Protect, Respect, and Remedy' Framework and studies of other industries, there is growing consensus in the transnational business governance literature. The chapter assesses the extent to which both initiatives meet best practices and elaborates on particular outcomes in their institutional design resulting from ongoing negotiations between stakeholders. The human rights impact assessment methodologies for the PSI, to include identifying criteria and metrics for measuring potential and actual human rights impacts, need to be developed and piloted.
