BC Business quotes Vancouver lawyer Blair Horn in an article about how to avoid and resolve stakeholder discontent.
“If you’re not communicating with your stakeholders effectively, there will be a challenge at some point,” warns Horn. “Good, constructive, transparent communication will help you avoid a dispute and will certainly help you avoid being in a court or arbitration.”
Having an independent director on the board might help prevent or resolve a dispute, says Horn. “Bringing the right independent expertise in when there is actually a dispute might help you get to a path on resolution.”