What do you mean by interlocking directorship?

Interlocking directorates refers to when a member of a company's board of directors also serves on another company's board or within the company's management. Under the antitrust legislation, interlocking directorates are not illegal as long as the corporations involved do not compete with each other.

What is meant by an interlocking board of directors?

What Are Interlocking Directorates? Interlocking directorates is a business practice wherein a member of one company's board of directors also serves on another company's board or within another company's management.

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Indemnification Agreement between corporation and its current and...

Agreement Between Directors With Interlocking

Name: Agreement Between Directors With Interlocking
Brand: US Legal Forms
Rating: 4.6 (240 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

Control #:

US-CC-17-197C

Format:

Instant download

Description

17-197C 17-197C . . . Indemnification Agreement to be entered into between corporation and its current and future directors and such current and future officers and other agents as directors may designate. The proposal includes description of procedural and substantive matters in Indemnification Agreements that are not addressed, or are addressed in less detail, in California law

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FAQ

An interlocking directorate is the connection that gets created when a board director of one corporation accepts an appointment to be a board director of another corporation.

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. This practice, although widespread and lawful, raises questions about the quality and independence of board decisions.

While they generally are legal, interlocking directorates between competing corporations are prohibited under the US antitrust laws, due to their potential to result in anticompetitive effects, such as allowing competitors to coordinate business decisions and exchange competitively sensitive information.

Interlocking directorates refers to when a member of a company's board of directors also serves on another company's board or within the company's management. Under the antitrust legislation, interlocking directorates are not illegal as long as the corporations involved do not compete with each other.

What Are Interlocking Directorates? Interlocking directorates is a business practice wherein a member of one company's board of directors also serves on another company's board or within another company's management.

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United States. Congress. Senate. 52.104 Procedures for modifying and completing provisions and clauses.

Agreement Between Directors With Interlocking

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How are interlocking directorates formed?

When talking about corporate boards of directors what is an interlock?

Are interlocking directorates legal?

What do you mean by interlocking directorship?

What is meant by an interlocking board of directors?

Interesting Questions

What is an interlocking directorate?

Why do companies enter into an agreement between directors with interlocking?

Is an agreement between directors with interlocking necessary in multi-state operations?

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How can directors navigate potential conflicts of interest in an interlocking directorate arrangement?

What are the consequences of breaching an agreement between directors with interlocking?

How can directors ensure compliance with the agreement in a multi-state setting?

Can an agreement between directors with interlocking be modified or terminated?

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