What kind of relationship is the external business relationships in the following?
Several years later, he learned that a number of external business relationships had been formed in one of our Latin American countries between a few of our top managers and members of their families. While not a violation of the law, and in fact common practice in that country, it was a clear violation of P&G's conflict-of-interest policy. And the people involved knew it.
"external" would mean "out of the business or company setting"