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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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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

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

From Time Magazine Archive

The Illinois Central, which connected the lower South with Chicago, was affiliated by means of interlocking directorates with the New York Central before 1856.

From Expansion and Conflict by Dodd, William E.

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