Crown Corporation

(redirected from Provincial 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 ?
Spectrum Aviation was in the second year of a five-year lease with ONTC with an option to purchase, which is what they were negotiating with the provincial Crown corporation when they folded shop, according to Stuart Kidd, ONTC's manager of corporate realty.
Transportation Commission (ONTC) are among the recommendations included in a newly completed document prepared by management and workers in an effort to safeguard the provincial Crown corporation from divestiture.
The provincial Crown corporation, which currently employs more than 4,800 people across the province, is always coming up with new ways to try to meet its employment goals for the four designated groups targeted through its employment equity practices--women, people with disabilities, members of visible minorities, and Aboriginal people.
The provincial Crown corporation is also among the largest in other communities such as Cocbrane and Englehart.
Notably, it transforms the ATB into a provincial Crown corporation giving the Board and management greater autonomy from Government, and allowing it to remunerate employees at rates comparable to charter banks.
Her volunteer work includes stints on charitable and for-profit boards--such as provincial crown corporations, a university, a municipal multi-purpose facility, several not-for-profit organizations and a pension plan.
The Standing Committee on Crown Corporations, chaired by Jack Cart, continued its review of various provincial Crown corporations and agencies.

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