A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, commercial government agency,public sector undertaking or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably. The defining characteristics are that they have a distinct legal form and they are established to operate in commercial affairs. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state entities established to pursue purely non-financial objectives.
Other articles related to "corporations":
... list is incomplete you can help by expanding it In this list, government-owned corporations are classified on their legal status silver color represents legal monopolies, where no competition is permitted light green ... Government corporations by field and by country Postal Railways Pharmacy Gambling Alcohol retail Health care Universities Telephone Broadcasting Oil Energy Australia yes (Australia Post) monopoly on postal ...
Famous quotes containing the word corporation:
“What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that Ill resort to headlines and force the people into this fight.”
—William Howard Taft (18571930)