| 释义 |
interlocking directorates
interlocking directorates pl n (Commerce) boards of directors of different companies having sufficient members in common to ensure that the companies involved are under the same control LegalSeeInterlocking Directorateinterlocking directorates
Interlocking DirectoratesA situation or state in which one person is a member of the board of directors in more than one publicly-traded company. This creates the possibility of a conflict of interest; indeed, interlocking directorates are illegal when two companies are competitors.interlocking directorates Boards of directors of different firms that have one or more of the same people serving as directors. Interlocking directorates are illegal among competing firms. |