Who Should Control Nationalized Companies?

by Kenneth Walters, R. Monsen



Every large organization must have a system of control, a process for selecting management and holding it accountable. Executives of nationalized firms are answerable to only one shareholder-the state. The government in office selects the board and top management and can replace them at any time. Is this the best system for governing the large state corporation? What does it mean to be "owned" by the state?

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