Definition
Business firm in the public (non-private) sector of an economy, controlled and operated by civil servants or government personnel (and not by private individuals). Used also as an alternative term for public limited company.
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Are Management's Compensation Plans Aligned with Shareholder Interest?
It has become fashionable at public companies to describe almost every compensation plan as aligning the interests of management with those of shareholders. In our book, alignment means being a partne ... Read more
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