New England Online > Government & Politics > Executive > Crown Corporations
Crown Corporations
Crown corporations are a type of government entity in New England's state sector. A crown corporation is a registered company wholly owned by the Crown, and is not part of the civil service nor is it a crown statutory agency. The management of crown corporation is conducted at arms length of the government. All crown corporation are run in a traditional corporate structure, which a chairman and board appointing a CEO to run the corporation on a day-to-day basis.
Crown corporations are reasonably rare in New England, although this has more to do with a lack of private competition rather than the usual hands off approach that most governments give to the private sector.
Regulation
Crown corporations are regulated by Acts of Parliament. As they have the potential to hold a majority share of the market place, they are bound by regulation to act in a manner that is not anti-competitive. For all other functions of corporate governance, crown corporations are treated in the same way as other businesses.
