A Discussion On Crown Corporations
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1) What are Canada's crown corporations, and what do they do?
2) How well do Canada's crown corporations do their job?
3) What are the governance issues surrounding their operations?
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A discussion on a crown corporation is provided.
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Hi there,
Here is some information for you about crown corporations:
In Commonwealth countries a Crown corporation is a state-controlled company or enterprise (a public corporation). The term is most widely used in Canada, and this article deals with Canadian Crown corporations.
Crown corporations, in theory, operate on a day-to-day basis at arm's length from the government. Direct control by government is exerted only over the corporation's budget and the appointment of its chairperson and directors.
In Canada, Crown corporations are operated both by provincial governments and the federal government, as a means to pursue economic and social objectives. Canadian Crown corporations are involved in everything from the distribution, use, and price of certain goods and services, to energy development, resource extraction, public transportation, cultural promotion, and property management. They are also frequently used to give governments access to financial markets to provide financing for development and ...
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