For more on this subject see and Free Market Missionaries:
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Business-Managed Democracy‘Business-managed democracies are those in which the political and cultural
Interlocking Directorates
Reference: Michael Useem, The Inner Circle: Large Corporations and the Rise of Business Political Activity in the U.S. And U.K., Oxford, Oxford University Press, 1984.
Michael Useems' study of the US and UK found that even in the early 1980s large corporations were becoming more and more interrelated through shared directors and common institutional investors.
Reference: See for example, Jeffrey Kentor and Yong Suk Jang, ‘Yes, There Is a (Growing) Transnational Business Community: A Study of Global Interlocking Directorates 1983-98’, International Sociology, vol 19, no 3, 2004; William K. Carroll and Meindert Fennema, ‘Is There a Transnational Business Community?’ International Sociology, vol 17, no 3, 2002; Ernie Englander and Allen Kaufman, ‘The End of Managerial Ideology: From Corporate Social Responsibility to Corporate Social Indifference’, Enterprise & Society, vol 5, no 3, 2004, p. 436. (pdf)
Various studies have shown that interlocking directorates have grown even more in the ensuing decades and have become more global. What is more the size of corporate boards has decreased whilst the proportion of outsiders on each board has increased with CEOs and executives from other companies therefore dominating the composition of many boards. Some interlocking directorates in key corporations mentioned in this website are shown in figure below. Corporations that are joined by a line have at least one shared person on their board of directors. So for example, AIG has directors that are also directors of JP Morgan, Time Warner and Eli Lilli.
Source: Information from http://www.theyrule.net/2004/tr2.php 
See also: Introduction | Public Relations | Business Mobilisation | Inner Circle
© 2009 Sharon Beder
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How Corporations Drive the Global Agenda
The Corporate Manipulation of Community Values
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