Summary: Central Oversight Of The Government Corporations

4.d. Central Oversight of the Government Corporations
There is a little central oversight or supervision of government corporations in the Executive Branch in the US. There is not any central state agency in the US that collectively oversees government corporations with the perspective of the Federal State and pursue central government’s overall interests on the government corporations. All government corporations are separately designated institutions that have their own administrative legislations and political accountability. The OMB may analyze or inspect government corporations from time to time, usually when the corporation is operating at financial risks or there are important risks associated with its activities. Moreover, some government corporations may be scrutinized by a Congressional committee, which is responsible for …show more content…
The exercise of ownership rights should be centralized in a single ownership entity, or, if this is not possible, carried out by a coordinating body. This “ownership entity” should have the capacity and competencies to effectively carry out its duties.” In this recommendation, the ‘ownership entity’ can be defined as a department, agency or a unit in the government that is responsible for the ownership functions or exercises ownership rights of the government corporations behalf of the State or the public. Moreover, the Guidelines recommends in chapter II.E that this ownership entity should communicate with the related public bodies with the management of the government corporations; “The ownership entity should be held accountable to the relevant representative bodies and have clearly defined relationships with relevant public bodies, including the state supreme audit