arbitration panel

Definition

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.

Use arbitration panel in a sentence

You should always make sure that you are well prepared before you ever go in front of any arbitration panel.

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The arbitration panel had a lot of unique individuals on it and we all thought they were the right people for the job.

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The arbitration panel was called in to settle a dispute between the Federal Consumer Protection Agency and the stakeholders in Johnson & Johnson, Inc.

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