interlocking directorates

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Interlocking Directorates

A situation or state in which one person is a member of the board of directors in more than one publicly-traded company. This creates the possibility of a conflict of interest; indeed, interlocking directorates are illegal when two companies are competitors.

interlocking directorates

Boards of directors of different firms that have one or more of the same people serving as directors. Interlocking directorates are illegal among competing firms.
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