Interlocking boards of directors
Interlocking boards of directors is a phenomenon that occurs when the CEO of Company A sits on the board of Company B while B's CEO sits on A's board.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Interlocking boards of directors. Occur when the CEO of Company A sits on the board of Company B while B's CEO sits on A's board.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
