Reinventing the Govt Company

Federal Gateway To Independent Establishments And Government Corporations

Notable GLCs include Singapore Airlines, SingTel, ST Engineering, and MediaCorp. Tokushu hōjin are the Japanese equivalent to statutory corporations; tokushu gaisha are kabushiki gaisha owned wholly or majorly by the government. The MTR Corporation was formed as a Crown corporation, mandated to operate under “prudent commercial principles”, in 1975.

But it’s also evidence that the majority doesn’t understand the basics of corporate law. Its sin was not an embrace of corporate personhood but a rejection of it. Quasi-public corporations may be established de novo, begin as government agencies that become privatized, or be the result of a large private company becoming partially nationalized. The economic development office may adopt rules governing the terms of a loan made by a corporation to a bank or other lending institution the proceeds of which are reloaned as permanent or temporary financing of a project. A corporation may grant a lessee an option to purchase all or any part of a project when all bonds of the corporation delivered to provide those facilities have been paid or provision has been made for the bonds’ final payment.

And it may, ironically, be playing into the hands of the financial and managerial elite. Senate by Jon Tester of Montana and in the House by Jim McGovern of Massachusetts. It would declare that “the rights protected by this Constitution” are “the rights of natural persons.” A range of liberal groups have signed on to the anti-personhood project—MoveOn, Sierra Club and NAACP chapters, and steelworker and SEIU locals. By their count, sixteen states and nearly 600 localities have endorsed some kind of anti-personhood amendment. Even in a moment when the progressive left seems otherwise to be fighting rearguard actions, this movement has genuine energy.

Corporate managers begin to pay more attention to politics, and in so doing they see more reasons why they should be politically active. They develop a comfort and a confidence in being politically engaged. And once a company pays some fixed start-up costs, the marginal costs of additional political activity decline. Lobbyists find new issues, companies get drawn into new battles, and new coalitions and networks emerge. Prior to the 1970s, few corporations had their own lobbyists, and the trade associations that did represent business demonstrated nothing close to the scope and sophistication of modern lobbying. In the 1960s and the early 1970s, when Congress passed a series of new social regulations to address a range of environmental and consumer safety concerns, the business community lacked both the political will and the political capacity to stop it.

Ahmed and Dalia Abdelnaby attend the Interfaith Sack Lunch Conversation event at the Islamic Center of Boise on Wednesday February 27th, 2019. Ahmed and Dalia have been vocal opponents of the so-called Anti-Sharia law bills. Minnesota state Rep. Steve Drazkowski, who co-sponsored similar legislation in 2016, said some people fear Sharia law will be applied in the U.S., but he does not. “When you are in 41 states and you’ve had literally thousands of legislators, Democrats and Republicans alike, it is hard for the federal government not to take notice,” he said. In Pennsylvania, the nonpartisan service that drafts all bills for the state Assembly – the Legislative Reference Bureau – frequently copies directly from model legislation, said director Vincent DeLiberato.

The future of government corporations as a category of federal organization appears generally bright although they are not widely understood in executive management circles. The need for the executive branch and Congress to develop new organizational structures that take into account both the public law requirements of governmental status, and the flexibility that properly accompanies corporate bodies dependent upon revenues for services may increase. It should not be forgotten that before Conrail could be privatized, it first had to be nationalized. The federal government was successful and only then was the private sector interested in “buying” the railroad. The position of the second school is that government corporations should be established only when appropriate criteria and standards, developed by a central management agency, are met.

Author: poetizers2

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