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WEEK 10
TOPIC: PUBLIC CORPORATIONS
CONTENTS: (1) Meaning –
(a) Definition.
(b) Reasons for setting public corporations.
(c) Functions of public corporations.
(d) Examples of public corporations.
Sub-Topic 1: DEFINITION AND TYPES OF PUBLIC CORPORATIONS
Definition of public corporations
Public corporations are government owned establishments and enterprises established through the acts of parliament or statutes, decrees or edicts to provide essential social and welfare services to the people. Public corporations are owned by the government but managed by board of directors appointed by the government.
Types of public corporations
There are two main types of public corporations:
EVALUATION
Sub-Topic 2: REASONS FOR SETTING PUBLIC CORPORATIONS
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