public corporation


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Related to public corporation: Quasi Public Corporation

Publicly-Traded Company

A company issuing stocks, which are traded on the open market, either on a stock exchange or on the over-the-counter market. Individual and institutional shareholders constitute the owners of a publicly-traded company, in proportion to the amount of stock they own as a percentage of all outstanding stock. Thus, shareholders have final say in all decisions taken by a publicly-traded company and its managers, especially through its annual shareholders' meeting. Publicly-traded companies have greater access to financing than other companies, as they have the ability to issue more stock. However, they are subject to greater regulation: for example, they must file 10-K reports with the SEC on their earnings and they are more likely to be subject to corporate taxes. A publicly-traded company is also called a public company.

public corporation

a company that is owned by the state. See NATIONALIZATION.
References in periodicals archive ?
Von Schlagel may not be aware of it - he didn't refer to it in his letter - but the public corporation horse has been around the Oregon track before.
The government is finally making moves to limit the bestowing of executive positions at public corporations and independent administrative agencies on retired top bureaucrats.
In 2000, the cabinet approved a plan to allow private firms to start offering postal services when the public corporation is set up.
Because their history runs counter to the current assumption that family-owned businesses are likely to be less efficient, less forward-thinking, and less profitable than public corporations.
Essentially, Revenue wants to determine whether the characterization of the public corporation shares as taxable Canadian property was correct.
A second case might involve a public corporation that has accumulated no losses in recent fiscal years.
Koizumi told a press conference that support for plans to privatize public corporations dealing with postal services and highway construction will be a main issue in the party poll, stressing that revival of the Japanese economy is the most important task he must deal with.
But the banks changed the policy in light of the worsening financial situation at the public corporation and worries that loans to public entities may turn sour, and signed the pact in May, the officials said.
Including five projects for which producers are asked for self-verification of inspection criteria in line with the responsibility system, the plan will allow private firms to take part in 60% of the projects currently conducted by public corporations, the government said.
Prime Minister Junichiro Koizumi agreed Tuesday to appoint someone from the private sector to head a new public corporation to be established next April to run the nation's postal services, posts and telecommunications minister Toranosuke Katayama said.
It also urged the government to formulate a comprehensive public corporation reform plan by the end of next March and carry out it by the end of March 2006.
During an upper house plenary session, posts minister Toranosuke Katayama explained the four bills, designed to create a public corporation next April to take over the state-run postal services -- mail delivery, postal savings and life insurance.