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public corporation

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public corporation

Management and administrative structure, similar to a private corporation, established to run state-owned or nationalized enterprises. Public corporations are governed by a board of directors, although some level of government is either the sole or controlling stockholder.

Distinct from a publicly-held corporation, where shares are sold to the public, then traded in one of the stock markets, public corporations decline in number as the trend toward privatization grows.



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The letter offered eight suggestions, but its essence was contained in the first two: 1) The system should organize itself as a public corporation with its own self-perpetuating Board of Regents.
The report is likely to say the charter should not be renewed, but the BBC's assets transferred to a new public corporation modelled on Channel 4.
18 Kyodo The number of former national public servants taking up executive posts at public corporations after retirement came to 6,185 as of Oct.
 
 
 
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