There is almost no interlocking directorate between financial corporations, but they are indirectly linked by their interlocking directors sitting on the board of a third corporation belonging to a different market sector.
They also believe that there's been "too much of an interlocking directorate" between Templeton and the AAAS program, says new division chair Eugen Merzbacher, emeritus professor at the University of North Carolina, Chapel Hill.
The analysis of Kono et al. (1998) about Fortune 500 companies shows that the distance between the headquarters of enterprises can influence the construction of interlocking directorate networks between them.
Gen Zaitoun was previously head of the Political Security Directorate (PSD) between 2009 and 2012, and before then deputy head of the GSD.
Because this article mainly investigates whether there are interlocking directorate relations between any two listed companies (two nodes), it only utilizes the binary and nondirectional types of network relations data.
It can be said that in the structure of corporate governance with Chinese characteristics, to a large degree, the formation of interlocking directorate networks between state-owned companies is the result of the state's attempt to increase its control over and influence on important industries and critical fields of the national economy.
Indeed, as we mentioned before, 85% of interlocking directorates are formed between corporations belonging to different market sectors.
Interestingly, 85% of all interlocking directorates are formed between corporations that belong to different market sectors, and we find no significant connectivity differences across market sectors.
The main objective of this paper was to shed light on a gap in the literature on interlocking directorates, namely companies' choice between different types of board interlocks based on their heterogeneous content.
The 99% of the observed interlocking directorates (i.e., links between two corporations) share only one board member.
