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

Later, the Federal Trade Commission was set up to aid in suppressing such practices and the Clayton Act to prevent interlocking directorates was passed.

From Time Magazine Archive

By mergers, interlocking directorates and subtle cooperation, all the major groups are together again, forming giant corporations.

From Time Magazine Archive

The system of interlocking directorates, elsewhere pronounced pernicious, has worked very beautifully in affecting co�peration instead of competition between these institutions.

From Abroad at Home American Ramblings, Observations, and Adventures of Julian Street by Street, Julian