Crown enterprise
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 Government entities of New Ingrea |
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Crown enterprises are a type of crown corporation in New Ingrea's state sector that compete in the private sector.
Function and role
A crown enterprise is a company registered under the terms of the Companies Act[1], and whose shareholders are Ministers of the Crown. The day-to-day management of the crown enterprise is conducted at arms length of the government, with a chief executive appointed by a board of directors just like any publicly listed company. As with others types of crown corporations, crown enterprises are not part of the New Ingrean Civil Service, nor are they a crown statutory agency.
List of crown enterprises
Currently, there are six crown enterprises in New Ingrea.
- Accord
- Arrow Electricity
- New Ingrean Airways Corporation
- Ardentic Electricity
- Australis Electricity
- POSB
Former enterprises
References and notes
- ↑ Companies Act (Public Act No. 33 of 1961).
- ↑ The Electricity Commission was broken up in 1994, with it's functions split between a new distribution monopoly in PowerGrid, and three electricity generating crown enterprises in Arrow Electricity, Australis Electricity, and Ardentic Electricity. The commission was formally dissolved on the 31 December 1994.