Business, Legal & Accounting Glossary
A committee made-up of individuals that act on behalf of a company during an arbitration hearing. The panel members are not employed by the company. Each party involved maintains a list of arbitrators that were selected based on their professional experience. Panel members are paid a voluntary fee from a Self-Regulatory Organizations such SEC or NASD. The sole purpose of the panel is to determine the outcome of an arbitration hearing.
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This glossary post was last updated: 20th November, 2021 | 0 Views.