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

Tense, stocky Charles Clore, 54, is the first outsider ever to challenge the clubby, clannish old families who dominate British brewing through a tangle of interlocking directorates.

From Time Magazine Archive

When asked the direct question, "Do you approve of the identity of directors or interlocking directorates in potentially competing institutions?" he replied, "Personally I do not believe that is the best policy."

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur