In the condition called "interlocking directorates," executive officers in one corporation are members of the board of directors of other corporations.

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Interlocking directorates refer to a situation where a member of the board of directors of one corporation is also an executive officer of another corporation. This creates a web of relationships among corporations and can raise concerns about potential conflicts of interest and anticompetitive behavior.

In the Condition Called "Interlocking Directorates," Executive Officers in One