interlocking directorate

interlocking directorate
interlocking directorate n: a directorate linked with that of another corporation by interlocking directors

Merriam-Webster’s Dictionary of Law. . 1996.

interlocking directorate
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.

Dictionary from West's Encyclopedia of American Law. 2005.


interlocking directorate
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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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