interlocking directors

interlocking directors
n.
People who serve on the boards of directors of two or more corporations simultaneously, resulting in a situation called an interlocking directorate, which can be used to restrict competition and is often illegal under antitrust law.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • interlocking directors — Persons who serve simultaneously on the boards of directors of two or more corporations that have dealings with each other. Federal antitrust law prohibits interlocking directors of competing businesses (15 U.S.C.A. No. 19); such directors may… …   Black's law dictionary

  • interlocking directors — Persons who serve simultaneously on the boards of directors of two or more corporations that have dealings with each other. Federal antitrust law prohibits interlocking directors of competing businesses (15 U.S.C.A. No. 19); such directors may… …   Black's law dictionary

  • interlocking directors — Directors common to the boards of two or more corporations. 19 Am J2d Corp § 1307 …   Ballentine's law dictionary

  • interlocking directorate — n: a directorate linked with that of another corporation by interlocking directors Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. interlocking directorate …   Law dictionary

  • interlocking directorate — noun : a directorate linked with that of another corporation by interlocking directors so that the businesses managed by them are to some degree under one control * * * a corporate directorate that includes one or more members who serve… …   Useful english dictionary

  • interlocking directorates — n. boards of directors having some members in common, so that the corporations concerned are more or less under the same control * * * …   Universalium

  • interlocking directorates — n. boards of directors having some members in common, so that the corporations concerned are more or less under the same control …   English World dictionary

  • Interlocking directorate — Network diagram showing interlocks between various U.S. corporations/institutions, and four major media/telecom corporations (circled in red) …   Wikipedia

  • Interlocking Directorates — A common business practice where a member of a company s board of directors also serves on another company s board or within another company s management. Under antitrust legislation, interlocking directorates are not illegal as long as the… …   Investment dictionary

  • interlocking directorate — An interlocking directorate (or directorship) is created when an individual who sits on the board of directors of one business organization takes a board seat with another. One study of 456 of the most important manufacturing firms in the United… …   Dictionary of sociology

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