public corporation


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Related to public corporation: Quasi Public Corporation

public corporation

n
(Government, Politics & Diplomacy) (in Britain) an organization established to run a nationalized industry or state-owned enterprise. The chairman and board members are appointed by a government minister, and the government has overall control
References in periodicals archive ?
1) Public sector debt (D3) = general government debt (D2) + nonfinancial public corporation debt General government debt (D2) = national debt (D1) + nonprofit public institution debt National debt (D1) = central and local government debt
According to "Report by Study Group on the Urban Renaissance Agency (URA), Independent Administrative Agency" released on October 5, 2010, there seem to have been many opinions on the revision of the organization of URA that feasibility of its becoming a special company or a new public corporation (public agency) is high.
1) The system should organize itself as a public corporation with its own self-perpetuating Board of Regents.
While the established Protestant and Catholic churches have "public corporation" status in Germany, enabling them to benefit from state religious tax collection in return for church provision of social services, Muslims' organizational structure has been deemed insufficiently hierarchical (and its groups too small or impermanent) to merit such status German officials maintain that they have no basis for choosing among the Muslim organizations in granting public corporation status, while Muslims argue that the failure to resolve this issue is indicative of German unwillingness to recognize Muslims' religious needs and place Islamic religious organizations at the same level as the Christian Churches.
The need for this activity has obviously been demonstrated by what went wrong in the public corporation in terms of Enron, WorldCom and others, and what we discovered to be wrong in the mutual-fund area.
THE UPPER HOUSE passed bills which will lead by March 2006 to the privatization of the Japan Highway Public Corporation, Metropolitan Expressway Public Corporation, Hanshin Expressway Public Corporation and Honshu-Shikoku Bridge authority.
The sorry state of public corporation reform is clear from what happened to the centerpiece of Koizumi's reform plan-the privatization of Japan Highway and the three related road-building public corporations.
The creation of a public corporation to take over postal services and the privatization of the highway-related public corporations represent the first steps in this direction, but just as in the case of non-performing loan disposals in the banking sector, progress has been too slow.
The bills would create a state-run public corporation next April to take over the state-run postal services -- mail delivery, postal savings and life insurance.
Vested interests aside, the public corporation system is deeply troubled.
Hershey, for its part, is officially a public corporation, but it has been insulated from outside pressure by the fact that the Hershey Foundation owns a sizeable chunk of the company.
While the term "taxable Canadian property" includes shares of a private corporation, it does not generally include shares of a public corporation.