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.
References in periodicals archive ?
A federal Crown corporation, CDIC protects over USD792bn in deposits at more than 80 member institutions.
Often these people try to block attempts to divest Crown corporations. They also defend the unfair tax, borrowing and regulatory treatment conferred on these corporations.
Higgs, which would have directed the Standing Committee on Crown Corporations to hold public hearings and question certain government employees on the results of the special examination conducted by the Auditor General regarding the residential property tax assessment system.
Another less apparent factor helps explain how these organizations perform so well; 90% of provincial liquor control systems in Canada are operated either wholly or in part by a 'crown corporation,' as opposed to a government agency per se.
The Ontario government has $26 billion in debt held by a shadowy Crown corporation called Ontario Electricity Financial Corporation (OEFC).
A 2006 law requires male-female parity on the boards of Crown corporations in Quebec.
This study investigates the relationship between the spatial distribution of Crown corporations and co-operatives and the role these two types of businesses play within the Canadian economy, with a regional focus on the economic development of Saskatchewan.
Government ownership of the financial sector is limited to investments for public policy purposes in Crown corporations.
Branch and regional offices are also included, along with all associated agencies, boards, commissions, and crown corporations. Listings include contact name, full address, telephone and fax numbers, and e-mail addresses.
There were 500 job orders from government departments, crown corporations and private sector organizations which resulted in 951 referrals to government departments, 200 to crown corporations and 180 to private companies.
The Standing Committees on Public Accounts and Crown Corporations, chaired by Trevor Holder and Chuck Chiasson, reviewed various government departments, Crown corporations and other entities during September and October.