Differences between Public Corporation and Public Limited Company
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Below are some differences between Public Corporation and Public Limited Company;
| Public Corporation | Public Limited Company | |
| Ownership: | The government | Shareholder |
| Formation: | Act of parliament or decreeA decree is an official order given by a government or by a person with power. For example, the president can issue a decree making a particular day a national holiday.... More | Incorporation |
| Control: | The minister will appoint the board of directors | The Board of directors is elected by shareholders |
| Capital: | Government and through grants | Provided through shares and debentures |
| AIM: | Provision of essential services | To make profit |
Evaluation Questions:
1. Name at least two public enterprises and describe their formation and management.
2. Discuss the relationship between provisions of public services and tax payment.
3. Explain the sources of capital for public enterprises.
4. State five advantages and five disadvantages of public enterprises.
5. Name 3 Differences between Public Corporation and Public Limited Company.
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