Learn how interlocking directorates function, their legality under antitrust laws, and their influence on corporate governance practices among non-competing companies.

Directors and officers are no strangers to governance risks, but not all risks are obvious. A great example of a hidden risk for directors is Section 8 of the Clayton Antitrust Act. Section 8 ...

The Federal Trade Commission, which under the Biden administration has been highly skeptical of mergers, has sent shock waves through the dealmaking community by recently using a long-ignored ...

Frank has a broad multidisciplinary practice that includes extensive experience in negotiated and unsolicited mergers and acquisitions, activist and takeover defense, complex cross-border transactions ...

Citations: Zajac, Edward. 1988. Interlocking Directorates as an Interorganizational Strategy: A Test of Critical Assumptions. Academy of Management Journal. (2)428-438.

Counsel should ensure that their clients comply with Section 8 of the Clayton Act, which prohibits interlocking directorates. Section 8 compliance is a current DOJ enforcement priority. DOJ Assistant ...