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Interlocking directorates in an interlocking directorate

Question: Interlocking Directorates. In an interlocking directorate, members of the board of directors of one firm also sit on the board of directors of other firms. How would interlocking directorates be viewed by the shareholder wealth maximization model compared to the corporate wealth maximization model?

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Finance Basics: Interlocking directorates in an interlocking directorate

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