Crown Corporation

(redirected from Crown Corporations)
Also found in: Dictionary.

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 ?
While some analogous organizations exist in the USA, such as Amtrak and the Corporation for Public Broadcasting, crown corporations are far more common in Canada, where they handle many business functions perceived by Canadians to be in the public interest, from national postal service to provincial auto insurance.
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.
Extra-budgetary items consist largely of loans, investments and advances -- primarily to Crown Corporations -- and transactions related to federal employee pension accounts.
is a designated subsidiary crown corporation under The Crown Corporations Act, 1993 and operates with an independent private-sector Board of Directors.
This definition explains actions that would be considered privatization and recognizes the necessary flexibility for government to restructure Crown corporations while maintaining ownership.
He has served as the Legislative Secretary to the Minister of Health and Chairman of the Crown Corporations Committee.
Jon Grant, choked when he saw that in print, and began to sing, which is generally not done by past presidents of Crown corporations, even from the safety of retirement.
Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities.
Crown Investments Corporation (CIC) today tabled the 2015 Payee Disclosure Report and the 2015-16 Payee Disclosure Report for CIC and its subsidiary Crown corporations with the Crown and Central Agencies Committee.
Legislative activity resumed first in the Standing Committee on Crown Corporations, which met on four occasions this fall.
The flagship of the province's Crown corporations, Ontario Hydro, must set a new course before the many leaks on board cause it to sink, observe its critics.