Explanation:

The code of Discipline (1958) also reiterated the faith of the parties in voluntary arbitration in the event of the failure of mutual negotiations.

Factors affecting voluntary arbitration process-

?Easy availability of adjudication in case of failure of negotiations

?Dearth of suitable arbitrators who command the confidence of both parties

?Absence of recognized union which could bind the workers to common agreement

?Absence of a simplified procedure to be followed in voluntary arbitration

?Cost to the parties, particularly workers