Ethics and fundamental principles of risk acceptance criteria

Ethics are concerned with distinguishing between what actions are "right" and "wrong" and what values are "good" and "bad", etc. and there is a long academic tradition in discussing ethics and ethical theories. Risk acceptance criteria, on the other hand, distinguish between levels of risks that are acceptable and levels that are intolerable. In some sense, one may say that risk acceptance criteria distinguishes between "good" and "bad" systems and activities with regards to the risk they expose the society or elements of a society to and there is thus an obvious link between ethics and risk acceptance criteria or to risk management at large. However, there are few references in the literature that explores this link, and in this paper, the ethical foundation of fundamental principles of risk acceptance criteria will be elaborated upon. This paper considers some important principles for establishing risk acceptance criteria for safety critical systems and activities. The various principles and the philosophies behind them might at first sight seem contradictory and exclusive, but it is demonstrated how they may coexist in one and the same regulatory regime; They may complement each other in order to achieve the overall safety objectives of society. Then, some brief considerations of the ethical foundations for the principles will be given and some relevant examples of actual risk acceptance criteria will be given from the maritime industries. However, it is believed that the principles and discussions are of general interest and apply to all areas of technical risk and to safety regulations in a broader perspective. (C) 2011 Elsevier Ltd. All rights reserved.