You have recently been appointed as a trainee financial adviser for a large financial institution. Your manager asks you to run a training session for the financial advisers. She asks you to lead the discussion and answer the following questions.

a) What role does alternative dispute resolution play in resolving disputes between clients and licensees in the investment industry?

b) In relation to companies, what is meant by the doctrine of separation of powers? How does this doctrine affect shareholders/investors?

Support your answer with examples and relevant legislation and/or caselaw.