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Encyclopedia > Crown corporation
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In Commonwealth countries a Crown corporation is a state-controlled company or enterprise (a public corporation). The term is most widely used in Canada, and this article deals with Canadian Crown corporations. A Commonwealth Realm is any one of the 16 sovereign states of the Commonwealth that recognise Queen Elizabeth II as their Queen and head of state. ... Literally a public company is a company owned by the public. ...


Crown corporations, in theory, operate on a day-to-day basis at arm's length from the government. Direct control by government is exerted only over the corporation's budget and the appointment of its chairperson and directors.


In Canada, Crown corporations are operated both by provincial governments and the federal government, as a means to pursue economic and social objectives. Canadian Crown corporations are involved in everything from the distribution, use, and price of certain goods and services, to energy development, resource extraction, public transportation, cultural promotion, and property management. They are also frequently used to give governments access to financial markets to provide financing for development and capital projects. Canada consists of ten provinces and three territories. ... System of government Canada is a constitutional monarchy as a Commonwealth Realm (see Monarchy in Canada) with a federal system of parliamentary government, and strong democratic traditions. ...


Two of the most significant Canadian Crown corporations of the 20th century were the Canadian National Railways and Air Canada. Both were privatized and are now private corporations. Other significant Crown corporations include the CBC, VIA Rail, and Marine Atlantic. (19th century - 20th century - 21st century - more centuries) Decades: 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s As a means of recording the passage of time, the 20th century was that century which lasted from 1901–2000 in the sense of the Gregorian calendar (1900–1999 in the... Canadian National Railways logo or herald (used pre-1960) Network Map of Canadian National Railway The Canadian National Railway (CN; AAR reporting marks CN, CNA, CNIS), known as Canadian National Railways (CNR) between 1918 and 1960, and Canadian National/Canadien National (CN) from 1960 to present, is a Canadian Class... Jump to: navigation, search Air Canada is Canadas flag air carrier, headquartered in Montreal, Quebec. ... Jump to: navigation, search The Canadian Broadcasting Corporation, commonly known by the abbreviation CBC, is Canadas government-owned radio and television broadcaster. ... VIA Rail Canada (also referred to as VIA Rail and VIA; pronounced vee-ah) is an independent Crown corporation offering intercity passenger rail services in Canada. ... Marine Atlantic logo or herald Marine Atlantic Inc. ...


Crown corporations in Canada are no longer widely used instruments of public policy. Their heyday was the period from 1918 (Canadian National Railway being the first) through to 1981 (with Canada Post turned into a Crown Corporation). Canadian National Railways logo or herald (used pre-1960) Network Map of Canadian National Railway The Canadian National Railway (CN; AAR reporting marks CN, CNA, CNIS), known as Canadian National Railways (CNR) between 1918 and 1960, and Canadian National/Canadien National (CN) from 1960 to present, is a Canadian Class... Canada Post or Canada Post Corporation (CPC) is the Canadian governments postal service. ...


Examples of federal Crown corporations in Canada[1]:

Examples of provincial Crown corporations in Canada: Atomic Energy of Canada Limited or AECL is a Canadian federal Crown corporation with the responsibility to manage Canadian nuclear policy, promote nuclear energy and research, and to oversee nuclear waste developed by Canadian nuclear reactors as well as manage the decommissioning of older reactors. ... The Business Development Bank of Canada is a crown corporation financial Government of Canada. ... The Canada Council for the Arts, commonly called the Canada Council, was introduced by Parliament in 1957. ... Canada Mortgage and Housing Corporation (CMHC) is a Canadian government agency. ... Canada Lands Company Limited is a Canadian government Crown corporation. ... Canada Post or Canada Post Corporation (CPC) is the Canadian governments postal service. ... Jump to: navigation, search The Canadian Broadcasting Corporation, commonly known by the abbreviation CBC, is Canadas government-owned radio and television broadcaster. ... The Cape Breton Development Corporation, or DEVCO, is a Canadian federal government Crown corporation. ... Defence Construction Canada is a Canadian Crown corporation. ... Farm Credit Canada (FCC) helps Canadian farmers and agribusiness grow and diversify. ... Marine Atlantic logo or herald Marine Atlantic Inc. ... Jump to: navigation, search The National Film Board of Canada (usually National Film Board or NFB) is a Canadian public filmmaking organization established to produce and distribute films that inform Canadians and promote Canada around the world. ... VIA Rail Canada (also referred to as VIA Rail and VIA; pronounced vee-ah) is an independent Crown corporation offering intercity passenger rail services in Canada. ...

Several Canadian companies used to be Crown corporations but are now privatized, examples being: Alberta Treasury Branches, also known as ATB Financial, is a full service financial institution and crown corporation owned by the Government of Alberta. ... British Columbia Ferry Services Inc. ... Jump to: navigation, search BC Hydro is a public utility that is the major provider of electricity in British Columbia, Canada. ... GO Transit, officially known as the Greater Toronto Transit Authority (GTTA), is Canadas first, and Ontarios only, interregional public transit system, established to link Toronto with the surrounding regions of the Greater Toronto Area (GTA). ... Hydro One Incorporated delivers electricity across the Canadian province of Ontario. ... Categories: Companies of Canada | Public Utilities | Stub ... The Insurance Corporation of British Columbia, or ICBC, is a provincial Crown corporation created in 1973. ... The Liquor Control Board of Ontario (LCBO) is a Crown corporation established in 1927 by Premier Howard Ferguson to sell liquor, wine, and beer in Ontario through a chain of retail stores. ... Founded in 1961, Manitoba Hydro is the electric power and natural gas utility in the province of Manitoba, Canada. ... NB Power (French: Energie NB), formerly known as New Brunswick Power Corporation is a provincially owned Crown Corporation. ... In 1975 the Newfoundland and Labrador Power Commission, a crown coporation originally established to assist in rural electrification, was renamed Newfoundland and Labrador Hydro Corporation (Hydro). ... Ontario Power Generation (OPG) is a public company whose shares are wholly owned by the government of Ontario. ... Saskatchewan Government Insurance or SGI is a crown corporation owned and operated by the Government of Saskatchewan. ... This page is a candidate for speedy deletion. ... Saskatchewan Telecommunications (SaskTel) is a provincial Crown Corporation operating under the authority of The Saskatchewan Telecommunications Act. ... The Société de transport de Montréal or Montreal Transit Corporation is the agency that operates bus and subway (metro) in the city of Montreal, Quebec, Canada. ... Sydney Steel Corporation (SYSCO) is a Crown corporation in the Canadian province of Nova Scotia. ... TVOntario (TVO) is an educational public television station in the Canadian province of Ontario. ...

See also Jump to: navigation, search Air Canada is Canadas flag air carrier, headquartered in Montreal, Quebec. ... Cameco Corp. ... Canadian National Railways logo or herald (used pre-1960) Network Map of Canadian National Railway The Canadian National Railway (CN; AAR reporting marks CN, CNA, CNIS), known as Canadian National Railways (CNR) between 1918 and 1960, and Canadian National/Canadien National (CN) from 1960 to present, is a Canadian Class... Petro-Canada is a Canadian oil and gas firm headquartered in Calgary, Alberta. ... The Potash Corporation of Saskatchewan, today generally referred to as PotashCorp, is a Canadian corporation that is the worlds largest producer of potash. ... Teleglobe is an international telco carrier. ... Jump to: navigation, search TELUS TSX: T NYSE: TU is a telephone company in Canada, the countrys second-largest telecommunications carrier after BCE (Bell Canada). ...


  Results from FactBites:
 
Ending Corporate Governance: Revoking Our Plutocracy (2869 words)
In exchange for the charter, a corporation was obligated to obey all laws, to serve the common good, and to cause no harm.
Once corporations were legally defined as "natural persons", they automatically were endowed with the same "Bill of Rights" as human beings, and so came to possess and then exploit with devastating consequences, the same "rights" of the freedom of speech, and the ability to participate in elections and lobby elected officials.
Section 1101, which specifies that corporations that act contrary to the public policy of the state are subject to dissolution.
Crown Corporation (1683 words)
A central rationale of crown corporations is that the commercial activities of government, to be performed successfully, must be shielded from constant government intervention and legislative oversight.
In Canada, the reform of crown corporations is proceeding along 2 different courses - the establishment of revised regimes of control and accountability and more controversially, "privatization." In 1984 with the passage of Bill C-24, the federal government replaced the 1951 provisions of the FAA with a new legislative framework.
A related proposition is that many crown corporations have outlived their usefulness as policy instruments and ought to be sold to the private sector.
  More results at FactBites »

 
 

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