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WEEK 2
TOPIC: PUBLIC CORPORATIONS:
CONTENTS: (3) Control and Problems of Public Corporations:
(a) Reasons for control.
(b) Types of control: (i) parliamentary, (ii) financial, (iii) judicial, (iv) ministerial, etc.
Sub-Topic 1: REASONS FOR CONTROL
The following are the reasons for controlling public corporation.
- Efficiency in Administration: there is need to check the activities of public corporations in order to make it more efficient and result oriented.
- For Quality Services: public corporations must be controlled so that they can provide more quality services to the members of the public.
- To check abuse of power: control of public corporation is also necessary in order to check misuse of power due to the autonomous status of public corporations.
- Mismanagement of Funds: it is equally necessary to check public corporations in order to check embezzlement.
- To protect the interest of consumers: there is need to protect the interest of consumers who may not enjoy services provided by public corporations
- Promotion of Economic Growth: in order to promote economic growth and reduce wastage of resources.
- Accountability: control of public corporation will make officials of public corporations accountable for their actions.
- Goals attainment: each public corporation is established by the government with certain objectives. To actualize the objectives there is need to control public corporation.
EVALUATION
- Mention seven reasons for control of public corporation.
- Explain three out of the points mentioned.
Sub-Topic 2: TYPES OF CONTROL
Public corporations are controlled through the following:
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