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You have to understand the difference between a crown corporation and part of the government. A crown corp has government representives on the board. A crown
by wolco 6y ago
You have to understand the difference between a crown corporation and part of the government. A crown corp has government representives on the board. A crown corp could get funding from the government but it also could act privately and get it from profit. The books are not open the same way (annual review vs always accessible)
Here is an article with more details.
https://www.google.com/amp/s/www.cbc.ca/amp/1.1135699 https://www.google.com/amp/s/www.cbc.ca/amp/1.1135699
The point that they are now profit seeking private or not is true.
- Ensorceled 6y agoI totally understand how Crown Corporations work, please do not accuse me of ignorance here. There is a massive difference between a Crown Corporation running as a for profit enterprise where any profits return to the Crown and a privately owned company, especially one that was "spun off" and privatized at pennies on the dollar.