Sentence examples for arbitration governance from inspiring English sources

If there is a very high degree of noise in the observations of the arbitrator, then arbitration governance fails to increase investment levels above the level of unanimous surplus sharing.

The effectiveness of arbitration governance is also compromised when it takes a long time until a decision is reached.

Therefore, the sharing rule under arbitration governance should be set in such a way that the elasticity of the sharing rule is equal to the elasticity of the production in the point of first-best investment.

If the arbitrator sets the sharing rule with a non-zero mass effect parameter m, then arbitration governance induces additional investment incentives which increase the investment above the level of a unanimous surplus sharing rule.

While enforceability and latitude concern the power boundaries of meta-organizations, information access and fast decision making, as further attributes of arbitration governance, are decisive for establishing the boundary of competence of a meta-organization (Santos and Eisenhardt 2005).

This implies that the last term of Eq. (24) becomes zero and hence the investment levels under unanimous surplus sharing and under arbitration governance with a very high degree of noise are equal.

This view shifts the analysis of third party decision making from mainly legal and contractual questions towards questions of organization design, such as how to position arbitration in the corporate governance structure and how to align it with the incentives of the organization.

Essentially, arbitration works as a governance device that overcomes the need to transform a meta-organization into a single firm, allowing parties to benefit from (knowledge) specialization and the more targeted investment incentives vested in a semi-integrated organizational structure.

Ben Heineman's Bio Ben W. Heineman Jr. is currently senior counsel to WilmerHale, a law firm based in Washington, D.C., where he specializes in globalization, public policy, corporate citizenship and governance, mediation and arbitration.

"No independent governance committee, investigator, or arbitration panel can change the culture of an organisation," he said.

In his parting statement, Garcia said, "No independent governance committee, investigator, or arbitration panel can change the culture of an organization".