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LSDefine

Simple English definitions for legal terms

A quick definition of interlocking director:

An interlocking director is someone who serves on the boards of two or more companies that work together or have similar interests. This means they have a say in the decisions of multiple companies at the same time. It's like being on two sports teams and helping both teams win. However, some people think this can create conflicts of interest and give too much power to one person.

A more thorough explanation:

An interlocking director is a member of the board of directors who serves on the boards of two or more corporations that have related interests or do business with each other. This can create potential conflicts of interest because the director may prioritize the interests of one company over another.

For example, if a director serves on the boards of two competing companies, they may have access to sensitive information about both companies that could be used to benefit one over the other. This is why some companies have policies that limit the number of interlocking directors they can have.

Another example is a director who serves on the boards of a company and a supplier or customer of that company. This director may be more likely to approve deals or contracts that benefit the supplier or customer, even if it is not in the best interest of the company they serve on the board for.

interlocking confessions | interlocutor

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9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
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