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Mediation: an alternative dispute resolution method that boards should adopt

It is not on the radar of many company executives, but it is often a more cost-effective and productive way to resolve legal disputes

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Mediation is versatile. It applies to any kind of conflict that is not criminal in nature - from million-dollar lawsuits to internal workplace conflicts.

LEGAL costs for companies and their boards are on the rise.

The 2015 SID-SGX Board of Directors' Survey found that 80 per cent of boards polled had sought external legal advice compared to just 38 per cent two years previously. It also found that boards place the most reliance on external

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