interlocking directorates

British  

plural noun

1. boards of directors of different companies having sufficient members in common to ensure that the companies involved are under the same control

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Example Sentences

At issue is the idea of interlocking directorates, where people simultaneously serve on the boards of ostensible competitors.

From New York Times • Oct. 20, 2022

Under the Clayton Act, interlocking directorates are not considered a cause for concern if the revenue from products in which the companies compete is less than 2 percent of either company’s sales.

From New York Times • Apr. 1, 2010

All were tangled up in holding companies, affiliates and interlocking directorates.

From Time Magazine Archive

Founded by Yankee missionaries and traders in the mid-19th century, the Big Five long turned fat profits with their sugar and pineapple plantations, dominated the economic growth of the islands through intermarriages and interlocking directorates.

From Time Magazine Archive

Somewhat complicated limitations are imposed upon interlocking directorates, by which is meant the practice of individuals being on the board of directors of different corporations.

From Problems in American Democracy by Williamson, Thames Ross