Crown Corporation

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Crown Corporation

A corporation owned by the government of Canada or one of its provincial governments. The federal or provincial government has a large say in setting the budget of crown corporations and appoints the board of directors, but in general they operate as private companies on a day-to-day basis. However, crown corporations are sometimes thought to be less efficient than other companies and several, such as Air Canada, have been privatized. A famous example of a current crown corporation is the Canadian Broadcasting Corporation.
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References in periodicals archive ?
This agreement was executed with Canadian Crown Corporation Ridley Terminals Inc (RTI), a coal and other bulk commodity marine terminal located near Prince Rupert, British Columbia.

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