Hollowing Out Corporate Canada? Changes in the Corporate Network Since the 1990s

  • William K Carroll University of Victoria
  • Jerome Klassen Independent Scholar
Keywords: corporate elites, class, business organization, interlocking directorates


The recent spate of foreign takeovers once again raises the question of whether Canada’s corporate elite is being ‘hollowed out’ in a silent surrender to foreign-based transnational firms. Using data from a study of interlocking directorates among the largest corporations in Canada and the world for the years 1996 and 2006, this paper assesses whether recent changes in the Canadian corporate network indicate a process of hollowing out or the reproduction of a domestic elite within global circuits of capital.