Corporate Mediation And Business Ethics: Redefining Corporate Dispute Resolution
- IJLLR Journal
- 6 minutes ago
- 1 min read
Vishal V S T & Nikitha R, Chettinad School of Law, Chettinad Academy of Research and Education, Kelambakkam, Tamil Nadu, India.
ABSTRACT
The emergence of mediation as a preferred method of corporate dispute resolution signifies a paradigm shift from adversarial litigation to a cooperative, interest-based model that prioritizes ethics, transparency, and stakeholder trust. Modern corporations operate in an era characterized by rapid globalization, complex regulatory environments, and heightened ethical scrutiny. This paper explores how corporate mediation, when integrated with principles of business ethics, can transform the culture of corporate conflict management. It analyses the legal foundations of mediation in India, especially in light of the Mediation Act, 2023, and compares these developments with global frameworks such as the Singapore Convention on Mediation (2019), the UK Civil Mediation Council Model, and the U.S. Federal Mediation and Conciliation Service (FMCS). The research further examines how ethical considerations such as fairness, integrity, and accountability can elevate mediation from a procedural mechanism to a cornerstone of sound corporate governance.
Keywords: Corporate Mediation, Business Ethics, Alternative Dispute Resolution, Corporate Governance, Mediation Act 2023, Ethical Leadership, Stakeholder Confidence.
