Suppose a person serves on the boards of directors of competing firms. the term used to describe this practice is interlocking directorate.
Interlocking directorship occurs when an individual serves simultaneously as a director or officer of two companies that "compete for business and place of business reasons." The main concern with such duplication is that it leads to misuse of competitively sensitive information.
Interlocking directorate refers to the practice of a director serving as director of more than one company. Persons who serve on more than one board of directors are called multiple directors.
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