Internal and external corporate governance provisions and activities can take many forms, including the use of interlocking board members. Which of the following best describes this practice?
1) The practice of having board members serve on multiple boards of different companies
2) The practice of having board members serve on multiple boards of the same company
3) The practice of having board members serve on boards of companies in different industries
4) The practice of having board members serve on boards of companies in the same industry