Answer :
If the same person served on the boards of directors of competing firms, she would be participating in an interlocking directorate.
What is interlocking directorate?
Interlocking directorate is when a person, who is a director in a company, accept the position of a director in a competing firm. It is the practice of the same individual being a member of multiple boards in companies.
Here, a member of one corporation's board of directors in that corporation as well as the board of another corporation or management of another corporation in business practice.
The above means that a corporate directorate includes one or more members who serve simultaneously in the directorates of other firm.
Learn more about interlocking directorate here: https://brainly.com/question/13963102
#SPJ1