In a tabular form, state the differences between public enterprise and public company.
Question 1 Report
In a tabular form, state the differences between public enterprise and public company.
Answer Details
Differences between a public enterprise and a public company
| Public Enterprise | Public Company |
|---|---|
| Owned by the government (the state). | Owned by private individuals who are shareholders. |
| Set up by an Act of Parliament or government decree. | Formed and registered under the Companies Act. |
| Capital is provided mainly by the government. | Capital is raised by selling shares to the public. |
| Main aim is to provide essential services to the public, not necessarily to make profit. | Main aim is to make and maximise profit for shareholders. |
| Managed by a board appointed by the government. | Managed by a board of directors elected by the shareholders. |
| Profits (if any) go to the government. | Profits are shared among shareholders as dividends. |
| Control is by the government/relevant ministry. | Control is by the shareholders through voting at the AGM. |
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