Location of Repository

Dispute Resolution?

By 

Abstract

Having directors with dispute resolution skills on the board can make a tremendous difference on how corporate governance disputes are handled. With the right dispute resolution skills, the board can establish an effective process for surmounting opposing views and steering the company towards its strategic objectives. Without such skills, board deliberations may deteriorate as factions emerge, antagonism permeates directors ’ relations, and resentment builds up. Not everyone is suited to serve as a mediator, peacemaker, or consensus-builder. Some personalities lend themselves better to these roles than others. Yet all directors- especially board leaders should strive to adopt interpersonal skills required for effective dispute resolution. At times, boards will need to draw on third-party expertise to facilitate difficult conversations and untangle disputes within the boardroom or with external stakeholders. To be effective, thirdparty experts must have sufficient experience, expertise, and knowledge of corporate governance to deal with the complexity of corporate governance issues. Peacemakers typically listen well to others, are patient, command trust and respect, and have sensitivity both to governance dynamics and the very human and emotional issues that may underlie disputes. This Module reviews Director’s conflict management styles Director’s dispute resolution skills Third-party dispute resolution styles and ethics Third-party dispute resolution skills Third-party understanding of corporate governance dynamicsModule

Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.194.408
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • http://www.ifc.org/ifcext/cgf.... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.