Encyclopedia > Public corporation

  Article Content

Public corporation

A public corporation is a corporation chartered for a public purpose. It is not the same thing as a publicly traded company sometimes known as a public company. In the United States examples of public corporations are Amtrak and the United States Postal Service. Generally speaking a public corporation is created by a statute passed by a legislature which specifically empowers the corporation to undertake a specific public purpose. In Commonwealth countries the name given to public corporations is usually Crown corporation. The notable exception is the State-Owned Enterprise[?] in New Zealand. Examples of Crown corporations include the CBC in Canada and Air Canada before it was privatized. In Japan, Japan Post is a public corporation. JR, NTT and Japan Tobacco[?] were created after they were privatized.

See also stock exchange, stock market, public company.



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Eurofighter

... Eurofighter Typhoon is a twin-engine multirole canard-delta fighter aircraft, designed and built by a consortium of European nations formed in 1983. The initial members ...

 
 
 
This page was created in 30 ms