Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,098,958 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Interlocking Directorate

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

The relationship that exists between the board of directors of one corporation with that of another due to the fact that a number of members sit on both boards and, therefore, there is a substantial likelihood that neither corporation acts independently of the other.

Because the same persons occupy seats on the boards of companies that are supposed to compete in the marketplace, there is a potential for violations of federal antitrust acts, particularly the Clayton Act (15 U.S.C.A. §§ 12-27 [1914]) which prohibits the existence of inter-locking directorates that substantially reduce commercial competition.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Legal browser?   Full browser?
 
These kinds of ties have figured prominently in the interlocking directorate literature (Mizruchi 1996).
On social network analysis in a supply chain context by Borgatti, Stephen P.; Li, Xun / Journal of Supply Chain Management
Larger boards increase the possibilities for interlocking directorates among board members and other firms, and can greatly assist a firm in its efforts to secure vital resources (Bazerman and Schoorman, 1983; Burt, 1980, 1983; Stearns and Mizruchi, 1993).
Top management team tenure and corporate illegal activity: the ... by Williams, Robert J.; Fadil, Paul A.; Armstrong, Robert W. / Journal of Managerial Issues
These contacts can be formal alliances, cooperatives, interlocking directorates, intergovernmental relationships, supplier/customer relationships, and joint ventures or they can be more informal, from chance meetings or relationships based on mutual goals that are not legally binding.
Social networking analysis: one of the first steps in net-centric ... by Edison, Tom / Defense A R Journal
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.