Abstract
This chapter examines the nature of security industry regulation and proposes a best practice model aimed at striking a balance across the interests of stakeholder groups: the general public, security clients, security companies and employees. The chapter begins by briefly outlining the nature and purposes of regulation generally, along with some prominent critiques and theories of regulatory methods. A brief history of security industry regulation is provided, followed by an examination of problems and forms of misconduct that regulation attempts to minimize. An outline is provided of different types of security regulation at the contextual level — covering criminal, civil and commercial laws — with an assessment of the benefits and limitations of these approaches. The focus then shifts to industry-specific forms of regulation — self-regulation, co-regulation and specialist government regulation — and the pros and cons of each. Finally, the chapter concludes by advocating a model form of standard minimum industry regulation, with add-ons for different circumstances. The model is based on the concepts of ‘smart regulation’, ‘responsive regulation’ and ‘wide and deep regulation’.
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© 2014 Tim Prenzler and Rick Sarre
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Prenzler, T., Sarre, R. (2014). Regulation. In: Gill, M. (eds) The Handbook of Security. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-67284-4_38
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DOI: https://doi.org/10.1007/978-1-349-67284-4_38
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