A person who serves simultaneously on the board of a financial institution (for example a bank) and the board of a commercial corporation (such as a computer manufacturing company) that borrows money from the bank, exemplifies a(n) __________.

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An interlocking corporate directorate occurs when an individual sits on the board of directors for two or more different companies. In this case, the individual serves on the board of both a financial institution and a commercial corporation, which can create potential conflicts of interest.

A Person Who Serves Simultaneously on the Board of a Financial