interlocking directorates

interlocking directorates definition - business

interlocking directorates

Boards of directors of different firms that have one or more of the same people serving as directors. Interlocking directorates are illegal among competing firms.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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