A Crown Corporation, in the context of the United Kingdom, typically refers to a public sector organisation or entity that is owned and operated by the government. These corporations are established by statute or royal charter and operate with varying degrees of autonomy from the government. Crown Corporations serve a range of purposes, including delivering public services, managing government assets, conducting commercial activities, and regulating specific industries. They are governed by a board of directors or trustees appointed by the government, and their operations are subject to government oversight and accountability mechanisms. Examples of Crown Corporations in the UK include nationalised industries, regulatory bodies, and public service entities such as the BBC (British Broadcasting Corporation) and Royal Mail.
A corporation that was established by a country’s government.
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This glossary post was last updated: 29th March 2024.
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