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Interlocking directorate
From Wikipedia, the free encyclopedia
s U.S. corporations and institutions and the Council on Foreign Relations, in 2004

Interlocking directorate refers to the practice of members of a corporate board of directors serving on the boards of multiple corporations. A person that sits on multiple boards is known as a multiple director.[1] Two firms have a direct interlock if a director or executive of one firm is also a director of the other, and an indirect interlock if a director of each sits on the board of a third firm.[2] This practice, although widespread and lawful, raises questions about the quality and independence of board decisions.