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

Inevitably, "conglomerate" has become something of a dirty word in business, bringing back memories of old-time industrial trusts, interlocking directorates and utilities pyramids that collapsed disastrously.

From Time Magazine Archive

Said the Committee: "The cure for our corporate ailments, circumvention of the law, investment trust and holding company abuses and interlocking directorates may lie in a national incorporation act."

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