About public corporations

public corporation

A corporation whose mission is described and recognized as being of public interest.

For example a national government, a public school or hospital, a local scout group, or a supernational body or a foundation.

Note that the mission of a public corporation is not necessary “universal”. Not everybody needs to agree that their mission is “good”. It’s enough that their mission is publicly known and that it is not to increase the wealth of its owners. A public corporation does not have any owners.

national government

A corporation responsible for the survival and welfare of a given nation.

supernational body

A corporation responsible for collaboration between a group of nations.

https://upload.wikimedia.org/wikipedia/commons/thumb/1/1a/Supranational_European_Bodies-en.svg/640px-Supranational_European_Bodies-en.svg.png

Euler diagram of supranational European Bodies. (Wikipedia)

foundation

A corporation acting for a publicly known mission. Any financial profit that may result from its activity is being reinvested into the corporation’s mission.