Legislative policy-making on the subject of contracts between corporations having interlocking directorates has required a balancing of the interest of corporate enterprise in the flexibility of business relations against the interest of minority shareholders in protection against self-dealing by corporate managers.
William K. Davenport S.Ed.,
CORPORATIONS-OFFICERS AND DIRECTORS-EFFECT OF STATUTES ON CONTRACTS BETWEEN CORPORATIONS WITH COMMON DIRECTORS,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol51/iss5/5