What does ACAS mean in NASDAQ Symbols?
This page is about the meanings of the acronym/abbreviation/shorthand ACAS in the Business field in general and in the NASDAQ Symbols terminology in particular.
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What does ACAS mean?
- The Advisory, Conciliation and Arbitration Service is a Crown non-departmental public body of the Government of the United Kingdom. Its purpose is to improve organisations and working life through the promotion and facilitation of strong industrial relations practice. It may do this through a number of mediums such as arbitration or mediation, although the service is perhaps best known for its collective conciliation function - that is resolving disputes between groups of employees or workers, often represented by a trade union, and their employers. Acas is an independent and impartial organisation that does not side with a particular party, but rather will help the parties to reach suitable resolutions in a dispute. Today, the employment world has mostly moved away from large-scale industrial disputes that characterised the late 1970s to the mid-1980s, when Acas became a household name. Accordingly, Acas' emphasis has shifted towards helping businesses to prevent problems before they arise, by means of, for example, its telephone helpline and training sessions. Furthermore much of Acas conciliation work is now focused on individual complaints to an Employment Tribunal.