Examlex
The universal concerns for global companies established by the United Nations Global Compact consist of the following three dimensions:
Alternative Dispute Resolution
A range of processes and techniques used to resolve disputes without traditional litigation, including mediation and arbitration.
Arbitration
A method of dispute resolution where a neutral third party renders a decision, which is usually binding.
Mediation
A form of alternative dispute resolution where a neutral third party helps conflicting parties to reach a mutually satisfactory agreement.
Conciliation
A method of alternative dispute resolution where a conciliator helps parties in a dispute to reach a mutually satisfactory agreement to resolve their issues.
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