| 释义 |
public corporation
A corporation established to perform a public function, frequently commercial but not necessarily so (it may be social, advisory, or of any other character). Thus bodies established to manage nationalized industries are public corporations, as are such bodies as English Nature. A public corporation is normally a statutory corporation, i.e. established by Act of Parliament; exceptions include the British Broadcasting Corporation, which was established by royal charter. The privatization programme that has been in operation in the UK since the 1980s has reduced the number of public corporations as their functions have been taken over by public companies and the government has divested itself, either wholly or substantially, of the statutory and financial commitment to the provision of public utilities (such as telecommunications, water, electricity, and gas). As these corporations have been privatized, regulatory agencies have been established as watchdog bodies. |