This paper argues that the Public-Private Partnerships (PPP) are not always consistent with CSR and calls for an ethical code of practice to enhance PPP’s responsibility.
Key points include:
- In a PPP, if the shareholders of a parent company, who would have benefited if things had gone well, are legally under no obligation to do anything if they go badly.
- Trade Unions fear that PPP is an excuse for reducing pay, inflicting poorer working conditions and cutting staff levels.
- CSR companies behave responsibly in all their negotiations and contracts, which is why, in the long run, they keep their clients – and their reputations to be on the safe side. PPP industry globally needs an ethical code of practice urgently before the whole procurement method of PPP is discredited.
Risky Business 