Interlocking Directorates: Australian and New Zealand Comparisons

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Author(s)
Murray, Georgina
Griffith University Author(s)
Year published
2000
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Interlocking directorates (that is, the links created by a director who is on board of more than one company or organization) are compared between two countries, Australia and New Zealand, and within countries by ownership. This article takes the top thirty companies of both countries to look at differences between their patterns of interlocking in 1998. The key finding is that the interlocks reveal a secondary productive capital political power layer but underneath this is a first tier of power, belonging to finance capital. The ownership of top companies in Australia and particularly in New Zealand is primarily in the hands ...
View more >Interlocking directorates (that is, the links created by a director who is on board of more than one company or organization) are compared between two countries, Australia and New Zealand, and within countries by ownership. This article takes the top thirty companies of both countries to look at differences between their patterns of interlocking in 1998. The key finding is that the interlocks reveal a secondary productive capital political power layer but underneath this is a first tier of power, belonging to finance capital. The ownership of top companies in Australia and particularly in New Zealand is primarily in the hands of nominee companies owned by finance capital.
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View more >Interlocking directorates (that is, the links created by a director who is on board of more than one company or organization) are compared between two countries, Australia and New Zealand, and within countries by ownership. This article takes the top thirty companies of both countries to look at differences between their patterns of interlocking in 1998. The key finding is that the interlocks reveal a secondary productive capital political power layer but underneath this is a first tier of power, belonging to finance capital. The ownership of top companies in Australia and particularly in New Zealand is primarily in the hands of nominee companies owned by finance capital.
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Conference Title
The Australian Sociological Association 2000 Conference: Sociological Sites/Sights
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Copyright Statement
© The Author(s) 2006 Griffith University. The attached file is reproduced here with permission of the copyright owners for your personal use only. No further distribution permitted. For information about this conference please refer to The Australian Sociological Association's (TASA) website or contact the author.