Interlocking Directorates: When corporate directors sit simultaneously on the boards of two or more companies, this arrangement is known as an Interlocking Directorate. This type of relationship allows board members to work together synergistically, sharing experiences and expertise while also making decisions that benefit both companies. Such arrangements create opportunities for cross-company activities, shared resources, and increased coordination and collaboration. It also presents potential conflicts of interest that must be carefully managed in order to protect shareholders’ interests.