The U.S. Department of Justice Antitrust Division (DOJ) recently announced the resignation of seven directors from five companies in the latest round of DOJ challenges to interlocking directorates.

Corporate governance encompasses the systems, principles and processes by which companies are directed and controlled. Within this framework, interlocking directorates arise when an individual sits on ...

The new Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) thresholds will go into effect on February 27, 2023 and will apply to all transactions closing on or after that ...

The MarketWatch News Department was not involved in the creation of this content. The Federal Trade Commission has approved revised jurisdictional thresholds for Section 8 of the Clayton Act, which ...

Interlocking directorates — the practice of the same director sitting on the boards of competing companies — have long been identified with backroom deals and corporate collusion. In 1914, when ...

The interlocking directorate is anathema to trustbusters and corporate watchdogs. It occurs when a board member or top executive of one company sits on the board of another company, accumulating undue ...

Directors and officers are no strangers to governance risks, but not all risks are obvious. A great example of a hidden risk for directors is Section 8 of the Clayton Antitrust Act. Section 8 ...

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Citations: Zajac, Edward J.. 1988. Interlocking Directorates as an Interorganizational Strategy: A Test of Critical Assumptions. Academy of Management Journal. (2)428-438.