BUSI 2601 Lecture Notes - Subrogation, Co-Insurance, Regulatory Offence
12 Dec 2013
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Document Summary
For sake of discussion, you aren"t doing anything criminally wrong. Review the plan and monitor it (need to make adjustments). You can only do as well as the powers you have. What you do control, you do it right and you do it well. Dispute resolution: recall litigation is not the optimal route to follow to resolve issues unless it is a necessity and involves principle. Mediation: independent party that will bring the parties to compromise in order to find an acceptable solution for both parties. When you have to give up too much, you will not compromise. Arbitration: independent party that will statute or will determine in a final decision the outcome of the conflict (without appeal) it is called a quasi-judicial process. Arbitration is brutal for a lot of institutions. Carleton university does not want to have arbitration (teachers) professors wanted to have them but the university said no.
