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What are directorates?

What are directorates? Here are some definitions.

Noun
  1. plural of directorate
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The commission looked at a number of projected overspends and was told that four council directorates had put in place moratoriums on spending to control the situation.
Such companies developed elected directorates to enforce their rules, deal with disputes amongst their members, and negotiate with outsiders.
The extensive research on interlocking directorates provides insight into the power dynamic associated with outside board membership.
Corporate networks are formed when the directors of some corporations sit on the boards of others, creating interlocking directorates.
The bank had four interlocking directorates with the utility.
Conseco has no investment bankers, legal counsel, commercial bankers, or consultants doing business with the company on its board, nor are there any interlocking directorates.

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