Definitions for "Corporatisation"
Keywords:  profit, subject, focus, unlike, trading
The alteration of the reporting, legal and management structure of a public trading body to allow it to operate at arm?s length from the Government, with profit as a major objective. Unlike privatised bodies, corporatised bodies remain under government ownership and control and are not usually subject to the Corporations Law. (See also privatisation.)
The adjustment of management and accountability structures by which a public (government-owned) trading body is able to focus on producing profit, at a distance from the Government, and are not normally subject to Corporations Law.