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

By war's end they were bossing a sprawling network of 16 tangled corporations with interchangeable resources and interlocking directorates.

From Time Magazine Archive

Cleveland Mayor Dennis Kucinich took on the utility company and the interlocking directorates.

From Time Magazine Archive

It forbids corporate ownership of stock in a competing corporation, forbids interlocking directorates in large banks and in other competing corporations, with capital, surplus and undivided profits aggregating more than $1,000,000.

From Modern Economic Problems Economics Volume II by Fetter, Frank Albert