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U.S. Department of State

Diplomacy in Action

Diplomatic Security and U.S. Private Sector Security Experts to Ring Stock Exchange Bell

Media Note
Office of the Spokesman
Washington, DC
September 1, 2010


On Thursday, September 2, representatives of the Department of State’s, Bureau of Diplomatic Security and global private sector security professionals will visit the New York Stock Exchange and ring the Opening Bell to celebrate the 25th anniversary of the Overseas Security Advisory Council (OSAC).

OSAC is a public-private partnership under the U.S. State Department established to assist American businesses, academic institutions, and other organizations that work overseas in keeping their people and their facilities safe and secure.

Membership in OSAC is open to any interested U.S. private sector organization that has operations abroad.

OSAC is a force multiplier for the security of U.S. businesses, schools, faith-based groups, and NGOs operating overseas. It provides a forum for best practices to address today’s security challenges. From the Middle East to Asia or Africa, Americans can become victims of crime, terrorism, cyber threats, and natural disasters. OSAC works to ensure these and other situations do not adversely affect American businesses.

OSAC was the brainchild of former U.S. Secretary of State George P. Shultz. In 1985, a handful of chief executive officers from prominent American companies met with Secretary Shultz to promote cooperation between the American private sector worldwide and the U.S. Government on security issues.

PRN: 2010/1193


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