Question 3
(a) What is a Public Corporation?
(b) Identify four ways in which Public Corporations are controlled.
Observation
This was a popular question and the candidates’ performance was very good. The candidates understood the demands of the question and scored high marks. The candidates were expected to write the following points as answers to the question.
- A public corporation is a semi-autonomous business entity established by an Act of Parliament (statute) to provide essential services to the public at a reduced cost.
- Parliamentary/Legislative control.
- Control by the executive through the minister.
- Financial control through the Auditor-General.
- Judicial control.
- Control by the public.
- Quality assurance control.