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.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

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

  • 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

  • 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 directorate — a corporate directorate that includes one or more members who serve simultaneously in the directorates of other corporations. * * * …   Universalium

  • interlocking directorate — Describes cross memberships of directors on each other s company Board of Directors. Bloomberg Financial Dictionary …   Financial and business terms

  • interlocking directorate — The relationship between two or more corporations who have directors or officers in common. 19 Am J2d Corp § 1307 …   Ballentine's law dictionary

  • 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… …   Law dictionary

  • Directorate — An organization headed by a director. In finance, directorate is sometimes used in place of board of directors, which is the group of individuals that makes decisions for a corporation on behalf of its shareholders. In politics, directorates are… …   Investment dictionary

  • directorate — Synonyms and related words: board, board of directors, board of regents, board of trustees, bureaucracy, cabinet, cadre, captainship, chairmanship, convenership, council, custody, dictatorship, directorship, directory, executive arm, executive… …   Moby Thesaurus

  • directorate — n. interlocking directorates * * * [d(a)ɪ rekt(ə)rɪt] interlocking directorates …   Combinatory dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”