The BBC is a statutory corporation: https://en.wikipedia.org/wiki/Statutory_corporation#United_Kingdom https://en.wikipedia.org/wiki/Statutory_corporation#Unite

The BBC is a statutory corporation: https://en.wikipedia.org/wiki/Statutory_corporation#United_Kingdom https://en.wikipedia.org/wiki/Statutory_corporation#United_K... It typically has no shareholders and its powers are defined by the Act of Parliament which creates it, and may be modified by later legislation. [...] The phrase is not used to describe a company which operates as a conventional shareholder-owned company registered under the Companies Acts.