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Interlocking Directorate |
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Interlocking directorate Describes cross-memberships of directors on each other's company Board of Directors. Interlocking Directorate 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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CEOs are being told to limit their board roles, boards are instituting age and tenure limits, and shareholder activist groups are insisting on fewer interlocking directorships. |
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