State-sponsored Bodies of the Republic of Ireland

High Quality Content by WIKIPEDIA articles! A State-Sponsored Body is the name given in Ireland to a state-owned enterprise (a government-owned corporation), that is to say, a commercial business which is benficially owned, either completely or majority, by the Irish Government. Each state-sponsored body has a sponsor Minister who acts as shareholder, either independently, or in conjunction with the Minister for Finance, who may also be a shareholder. State-sponsored bodies are often popularly called semi-state companies, a misnomner, since they are all (mostly) fully owned by the state, in addition not all of them are actually companies. Less often they are referred to by the British term nationalised industry. Statutory corporations are governed under the particular statute that they are established under, and are not subject to the provisions of the Companies Acts, though similar requirements are often stated in the statute.... Mehr