mediation

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Mediation

An extrajudicial means of resolving a dispute between a broker and a client in which the parties agree to make their cases before an impartial person or panel. Very often, mediation is conducted through FINRA. Mediation is less expensive than arbitration and is certainly cheaper than a lawsuit.

mediation

A process for settling a dispute between an investor and a broker. The two sides employ a third party who attempts to find common ground that will resolve the dispute. Mediation is a less lengthy and less expensive alternative to arbitration. Each side must agree to mediation and either side may walk away from the process at any time. Compare arbitration. See also NASD Dispute Resolution, Inc.

Mediation.

Mediation is an informal, voluntary method of resolving disputes, in which the parties in conflict meet with a trained, independent third party to come up with a solution that's satisfactory to everyone involved.

For example, if you have a problem with your broker that you can't resolve directly with the firm, you can file a request for mediation with NASD, which oversees brokerage firms and has over 900 trained mediators to help resolve disputes.

Mediation is considered less expensive, less formal, and less confrontational than arbitration or lawsuits. But both parties must agree to use the process.

While you may retain a legal adviser during mediation, any resolution will be crafted with your direct involvement, which is usually not the case with arbitration.

Also, unlike arbitration, mediation is nonbinding, which means that if you're not happy with the outcome, you can stop the process, and either drop the issue or move to more formal proceedings.

mediation

a method of resolving INDUSTRIAL DISPUTES in which a neutral third party acts as a go-between to the parties in dispute. Typically, the mediator introduces proposals of his or her own as an aid to continued NEGOTIATIONS. It is a useful form of intervention where disputes have become especially acrimonious and the disputants are entrenched in their bargaining positions. Conceptually it is midway between CONCILIATION and ARBITRATION. See ADVISORY, CONCILIATION AND ARBITRATION SERVICES (ACAS), COLLECTIVE BARGAINING.

mediation

a procedure for settling disputes, most notably INDUSTRIAL DISPUTES, in which a neutral third party meets with the disputants and endeavours to help them resolve their differences and reach agreement through continued negotiation. In some countries, ‘conciliation’ is distinguished from ‘mediation’ according to the degree of intervention exercised by the conciliator or mediator in the process of encouraging the parties to settle their differences, with a conciliator refraining from advancing, and the mediator expected to advance, proposals of his own for possible settlements. Both forms of intervention leave the bargaining process intact, with any resultant settlement being agreed upon by all disputing parties. In the UK, the ADVISORY, CONCILIATORY AND ARBITRATION SERVICE acts in this capacity See alsoARBITRATION, COLLECTIVE BARGAINING, INDUSTRIAL RELATIONS.

mediation

An alternative dispute resolution (ADR) process in which a trained person assists disputants in coming to a solution that will be the best one under the circumstances for all involved.It is not binding,but many courts are now imposing mandatory diversion to mediation and a requirement that the parties negotiate in good faith to reach a settlement. Failure to settle may subtly impact a judge's decision regarding the party most at fault in a dispute.The American Arbitration Association,which also offers mediation services,maintains a Web site at www.adr.org.

References in periodicals archive ?
Peer mediation promotes each student's stake in the bullying situation and underscores the message that bullying is not the acceptable social norm for the school.
The study focused on (1) the effects of peer mediation as part of a behavioral intervention package of empirically supported components, (2) the effects of aligning assessment data to the BIP, and (3) the social validity of the assessment and intervention process.
Several exploratory studies have suggested that elementary school peer mediation programs have taught students how to respond to conflict situations in more socially acceptable ways and have possibly reduced rates of school violence (Bell et al.
The concept of Mentoring Programs is very interesting because the following programs seemed to be most unique: Music Mentors, Peer Mediation, Student Mentor, and Gifted Mentorship.
Thousands of New Jersey elementary, middle, and high school teachers have been taught conflict resolution and peer mediation through the foundation.
Peer mediation in schools has shown to have a positive affect on the school environment while teaching those students the life skills that were discussed earlier.
Utilizing peer mediation programs to resolve disputes before administrative intervention has contributed to an 80 percent decrease in the number of suspensions.
In addition, all four high schools in the LCCD have implemented a peer mediation program to address disputes among students.
The initiatives include improving access to justice for lower-income people; providing public information and law-related education; encouraging alternative dispute resolution; addressing racial or gender bias; lawyer professionalism, ethics, competency, and client relations; judicial independence, selection, compensation, and evaluation; improving juvenile justice; peer mediation in the schools; enhancing jury service; improving civil laws, practices, or procedures; seeking adequate funding for the courts; serving special needs--e.
Toward that end, the district police and other school departments work together in several programs, including Operation: Crime-Free Schools, Z-squared, peer mediation and conflict resolution, and a program targeted at helping students escape the clutches of a gang.
You can provide several suggestions such as peer mediation, contacting supervisory staff, and creating a cooling down area located away from the major activity hub(s) in camp.
She could either work things out with the girl through peer mediation or be tossed out of school.