H3: There is relationship between interlocking directorship
and audit quality.
Through interlocking directorships
, elite networkers form a corporate community (Domhoff 2006), further concentrating economic power and giving the lie to "perfect competition." Studies of Canada's corporate elite have mapped the cohesive network of power into which large firms have been organized throughout the twentieth and now twenty-first centuries (Carroll 2004; Piedalue 1976).
Deeper knowledge about Congress and the interlocking directorships
of the NGOs would also be extremely helpful in further analysis.
For the foreseeable future, directors on compensation committees must disclose their background, qualifications, and potential or existing conflict-of-interest relationships, including interlocking directorships
that may have an impact on compensation policies for several companies on whose boards they serve.
last year amid concerns of potential conflicts from interlocking directorships
. David C.
But then Silicon Valley's idea of corporate boards has long consisted of cosy, interlocking directorships
which would be considered collusion in most other industries.
Lester and Cannella (2006) propose interlocking directorships
as one means by which successful family firms might solve intra-family agency problems efficiently.
Reingold takes a swipe at interlocking directorships
, particularly in the case of AT&T and Citigroup, the indefeasible rights of use (IRUs) and their accounting treatment.
By means of interlocking directorships
, cross-shareholdings and other devices, groups of apparently different companies have formed, in fact, one enormous capitalist monopoly.
Chapter Three continues the economic analysis of elite unity by focusing on interlocking directorships
in the Canadian economy.
In a study of what constitutes effective ownership of corporations, a historic House Committee report highlighted two critical factors: (1) institutional stock and bond holdings and (2) interlocking directorships
(House Committee on Banking and Currency, 1968).