The US Department of Justice voiced concerns that two directors on the boards of both Epic Games and Tencent Holdings violated the Clayton Act regarding interlocking directorates.
Following the antitrust investigation, Tencent's appointed directors on Epic's board resigned, highlighting the ongoing scrutiny of interlocking boards in US antitrust enforcement.
The Clayton Act prohibits concurrent service of directors on competing boards, a key point underscored by the Justice Department amid increasing concerns over corporate governance.
While Tencent expressed a desire to maintain a positive relationship with Epic Games, the resignation of its directors highlights serious implications for corporate governance and compliance.
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