Interlocking Directorates, Geopolitics and Lithium.

Boardroom Governance Newsletter #34 | Nov 2, 2022.

“Section 8 is an important, but underenforced, part of our antitrust laws. Congress made interlocking directorates a per se violation of the antitrust laws for good reason. Competitors sharing officers or directors further concentrates power and creates the opportunity to exchange competitively sensitive information and facilitate coordination – all to the detriment of the economy and the American public,” said Assistant AG Jonathan Kanter of the Justice Department’s Antitrust Division. “The Antitrust Division is undertaking an extensive review of interlocking directorates across the entire economy and will enforce the law.” “By eliminating the opportunity to coordinate – explicitly or implicitly – through interlocking directorates, Section 8 is also intended to prevent other violations of the antitrust laws before they occur.” DOJ Press Release October, 2022.

On October 19th, the U.S. Department of Justice announced that seven directors resigned from corporate board positions in respo…