Comparison of the organisation - SS2 Government Lesson Note

A public corporation is a type of organization that is owned and operated by the government, and its purpose is to provide essential public services or goods. There are several ways in which the organization of a public corporation can be compared to that of a private corporation.

One key similarity is that both types of corporations have a board of directors or governing body that oversees their operations. However, the board of a public corporation is typically appointed by the government, while in a private corporation the board is elected by shareholders.

Another similarity is that both types of corporations have a management team responsible for the day-to-day operations of the organization. However, in a public corporation, the CEO and other top executives may be appointed by the government or the board of directors, while in a private corporation they are usually chosen by the board or shareholders.

Private corporations raise capital through the sale of stocks or bonds, while public corporations rely on government funding or revenue from the services they provide.

Public corporations are subject to government regulations and oversight, while private corporations are subject to market forces and regulations imposed by industry standards.

The organization of a public corporation can be compared to that of a private corporation in terms of its governing body, management structure, and operational functions, but there are important differences in funding sources and regulation.