Mediation key to unlocking costly boardroom disputes

A lack of harmony among top company directors can result in collapse of a business. PHOTO | FOTOSEARCH

Board and management disputes can be very expensive for any business and at times can threaten their very survival.

This is especially so, where there is a deadlock in making key decisions — most made by way of majority vote. A deadlock can occur where there is a tie between two opposing views.

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