| 释义 |
Crown corporation
Crown corporation n (Government, Politics & Diplomacy) (in Canada)a corporation owned by the federal or a provincial government Crown′ corpora`tion
n. Canadian. a company owned by the government and controlled and partially operated by civil servants. [1960–65] Crown Corporation
Crown CorporationA corporation owned by the government of Canada or one of its provincial governments. The federal or provincial government has a large say in setting the budget of crown corporations and appoints the board of directors, but in general they operate as private companies on a day-to-day basis. However, crown corporations are sometimes thought to be less efficient than other companies and several, such as Air Canada, have been privatized. A famous example of a current crown corporation is the Canadian Broadcasting Corporation. |