Providing compensation
Description
Providing compensation involves offering financial or material restitution to individuals, groups, or communities who have suffered loss, harm, or disadvantage due to specific actions, policies, or events. This strategy aims to address grievances, restore equity, and mitigate negative impacts by delivering appropriate remedies. Compensation serves as a practical tool to resolve disputes, encourage compliance, and promote social justice, thereby facilitating recovery and fostering trust between affected parties and responsible entities.
Broader
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Value
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
- Commerce » Insurance
Content quality
Yet to rate
Language
English
1A4N
W7952
DOCID
13379520
D7NID
210979
Editing link
Official link
Last update
Feb 11, 2020