What role do labor relations boards play in labor disputes?

Labor relations boards serve a critical function in managing labor disputes by mediating between employers and employees, enforcing labor laws, and working to settle disputes that may arise in the workplace. These boards are typically established by government legislation and are empowered to address various issues such as the negotiation of collective bargaining agreements, unfair labor practices, and grievances related to union representation.

Through mediation, these boards help facilitate communication and negotiation between parties, aiming to reach amicable solutions without the need for more drastic measures like strikes or lockouts. Additionally, they enforce existing labor laws to ensure compliance and protect workers' rights, maintaining a balance between the interests of employers and the workforce. This role is vital for fostering a stable working environment where both workers' rights and business interests are respected.

While other options suggest important functions, such as conducting elections or providing financial assistance, they do not encapsulate the central role of labor relations boards in resolving disputes and enforcing regulations.