Under What Circumstances Does a DIRECT Interlocking Directorate Exist

question 20

Multiple Choice

Under what circumstances does a DIRECT interlocking directorate exist?

• A) When both management and the board establish corporate strategic management.
• B) When a corporation's employees serve on its board.
• C) When one or more individuals on one board also serve on a board of a second firm.
• D) Present when all board members are also employed by the corporation.
• E) Occurs when two corporations have directors who serve on the board of a third firm.

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Definitions:

Cork Cambium

A layer of tissue in plants that produces cork, a protective and waterproof material found on the outer surface of bark.

Cork Parenchyma

One or more layers of parenchyma cells produced inwardly by the cork cambium.

Vascular Cambium

A layer of tissue in plants found between the xylem and the phloem in the stems and roots of vascular plants, responsible for secondary growth and the increase in stem girth.

Epidermis

The outermost layer of cells in plants and animals that serves as a protective barrier against environmental elements.