interlocking directorate

简明释义

关联董事会

英英释义

例句

1.Regulators are concerned about the influence of an interlocking directorate on market competition.

监管机构担心交错董事会对市场竞争的影响。

2.The company was criticized for its interlocking directorate due to potential conflicts of interest.

该公司因其交错董事会而受到批评，因为这可能导致利益冲突。

3.Many large corporations operate with an interlocking directorate to maintain control over various subsidiaries.

许多大型企业通过拥有交错董事会来控制多个子公司。

4.The presence of an interlocking directorate can lead to reduced accountability within companies.

存在交错董事会可能导致公司内部的问责制降低。

5.Investors often scrutinize the interlocking directorate to assess potential risks.

投资者通常会仔细审查交错董事会以评估潜在风险。

作文

In the complex world of corporate governance, the term interlocking directorate refers to a situation where individuals serve on the boards of directors of multiple companies simultaneously. This phenomenon can lead to various implications for competition, corporate strategy, and regulatory scrutiny. Understanding the concept of interlocking directorate is crucial for anyone studying business practices or corporate law.The primary concern surrounding interlocking directorate is its potential to create conflicts of interest. When directors sit on the boards of rival companies, they may have access to sensitive information that could influence their decision-making. For instance, if a director serves on the board of both Company A and Company B, they may inadvertently share strategic insights that could benefit one company over the other. This situation raises ethical questions about loyalty and confidentiality in corporate governance.Moreover, interlocking directorate can impact market competition. By having overlapping directors, companies may coordinate their strategies more closely than they would if they operated independently. This could lead to anti-competitive behavior, such as price-fixing or collusion. Regulatory bodies, such as the Federal Trade Commission (FTC) in the United States, monitor these situations closely to ensure fair competition and prevent monopolistic practices.From a strategic perspective, companies may engage in interlocking directorate arrangements to enhance their influence within an industry. By placing their executives on the boards of other firms, they can foster relationships that may lead to collaboration or partnerships. This strategy can be particularly beneficial in industries where innovation and technology play a significant role. For example, tech companies often seek to establish connections with other firms to share knowledge and resources, which can accelerate growth and development.However, the practice of interlocking directorate is not without its critics. Some argue that it undermines the principle of independent oversight that is fundamental to effective corporate governance. When directors are too interconnected, they may become less objective in their evaluations of each other's performance. This can lead to complacency and a lack of accountability, ultimately harming shareholders and stakeholders alike.To mitigate the risks associated with interlocking directorate, many countries have implemented regulations that limit the number of boards on which an individual can serve. These laws aim to promote transparency and reduce the likelihood of conflicts of interest. Additionally, companies are encouraged to adopt robust corporate governance practices that emphasize the importance of independent directors who can provide unbiased oversight.In conclusion, the concept of interlocking directorate is a double-edged sword in the realm of corporate governance. While it can facilitate collaboration and enhance strategic positioning, it also poses significant risks related to conflicts of interest and market competition. As businesses continue to evolve in an increasingly interconnected world, understanding the implications of interlocking directorate will be essential for navigating the complexities of corporate governance and ensuring ethical business practices.

在复杂的公司治理世界中，术语interlocking directorate指的是个人同时担任多家公司的董事会成员的情况。这种现象可能对竞争、公司战略和监管审查产生各种影响。理解interlocking directorate的概念对于任何研究商业实践或公司法的人来说都是至关重要的。围绕interlocking directorate的主要关注点是其可能导致利益冲突。当董事在竞争对手公司的董事会任职时，他们可能会接触到敏感信息，这可能会影响他们的决策。例如，如果一名董事同时在公司A和公司B的董事会任职，他们可能会无意中分享可以使一家公司受益的战略见解。这种情况引发了关于忠诚和保密性在公司治理中的伦理问题。此外，interlocking directorate还可能影响市场竞争。通过拥有重叠的董事，公司可能比独立运营时更紧密地协调其战略。这可能导致反竞争行为，例如价格操纵或串通。美国联邦贸易委员会（FTC）等监管机构密切监视这些情况，以确保公平竞争并防止垄断行为。从战略的角度来看，公司可能会参与interlocking directorate安排，以增强其在行业内的影响力。通过将高管放置在其他公司的董事会中，他们可以促进可能导致合作或伙伴关系的关系。这一策略在创新和技术发挥重要作用的行业中尤为有利。例如，科技公司通常寻求与其他公司建立联系，以共享知识和资源，从而加速增长和发展。然而，interlocking directorate的做法并非没有批评者。一些人认为，这削弱了有效公司治理的独立监督原则。当董事之间的联系过于紧密时，他们在评估彼此的表现时可能变得不够客观。这可能导致自满和缺乏问责制，最终损害股东和利益相关者。为了减轻与interlocking directorate相关的风险，许多国家实施了限制个人可以担任的董事会数量的法规。这些法律旨在促进透明度，并减少利益冲突的可能性。此外，鼓励公司采用健全的公司治理实践，强调独立董事提供公正监督的重要性。总之，interlocking directorate的概念在公司治理领域是一把双刃剑。虽然它可以促进合作并增强战略定位，但也带来了与利益冲突和市场竞争相关的重大风险。随着企业在日益互联的世界中不断发展，理解interlocking directorate的影响对于驾驭公司治理的复杂性和确保道德商业实践将是至关重要的。