What is Cronyism?

Cronyism is a type of favoritism in which a person in power offers employment or favors to friends or those in their network – regardless of their qualification or merit. In exchange, the recipient offers their blind loyalty. Cronyism is a corrupt practice that should be avoided. Board directors should be elected or appointed based on skills, experience, and background – rather than having a connection to the organization or its leadership.

Further Reading

Browse More Terms and Definitions:
Select a Letter
  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z