District Court for the District of Puerto Rico Judge Francisco Besosa that the Puerto Rico Public Corporation
Debt Enforcement and Recovery Act was unconstitutional.
The report indicates that according to the Organization for Economic Cooperation and Development's (OECD) 2008 figures, Turkey is ranked in third place in the share of public corporation
in the economy after Poland and Italy among European Union member states.
As the central pillar of his structural reform plan, Koizumi adopted the ''scrap-or-privatize'' policy to push through radical reorganization of public corporations
. But the drive quickly lost steam, and resulted in cosmetic changes in most cases.
When companies speak about important matters, Regulation FD now demands that such information is shared globally--and consequently, the views of the independent directors are and should be important disclosure for all public corporations
Businesses, including public corporations
, may set up specific pension schemes for their own staff which they manage directly.
Current corporate governance initiatives are focusing on public corporations
. However, the distinct nature of insurance companies as regulated financial institutions is emerging as an issue for regulators worldwide.
The creation of a public corporation
to take over postal services and the privatization of the highway-related public corporations
represent the first steps in this direction, but just as in the case of non-performing loan disposals in the banking sector, progress has been too slow.
* Work on antifraud criteria and controls for public corporations
that the Institute is promoting will begin next year but will not be completed by June as the J0fA stated.
The number of former national public servants taking up executive posts at public corporations
after retirement came to 6,185 as of Oct.
The only group that appears alarmed so far is his fellow pols and bureaucrats, who are stunned by proposals to trim pork-barrel spending, streamline services, and privatize the country's wildly inefficient public corporations
, the government-supported companies that handle the business generated by public policy--building bridges, digging for oil, and so forth.
''Instead of working on all 77 public corporations
at once, I want preparations made so that bills can be submitted to the regular Diet session on the Japan Highway Public Corp.
Another implementation problem concerns the execution of projects by public corporations
, which have little incentive to minimise costs.