This Good Practice Note provides background on the history of FPIC, without taking a
definitive viewpoint on its legal status. Indeed, FPIC is relevant to business regardless of its
precise legal status since lenders, indigenous peoples, civil society, and other stakeholders
increasingly expect companies to obtain consent. The Good Practice Note also explores the
business case for obtaining FPIC and the challenges that are likely to arise in the process;
outlines current company good practices to obtain FPIC; and discusses emerging practices that
not only support FPIC but also long-term benefits for affected indigenous communities.