Explain any five ways in which nationalised industries differ from public limited companies.
Explanation
| Public limited companies | Nationalized companies | |
| Ownership | shareholders | Government |
| Objective | To maximise profit | To provide essential services for the people |
| Control | Controlled by the board of directors | Control by the board of directors appointed by the minister |
| Capital | Through the selling of shares and debentures | Provided by the government |
| formation | Through incorporation at corporate affairs commission | Acts of parliament |
| Privacy | Account must be published to the public | Accounts are not usually published. Not mandatory |
| Annual general meeting | It is compulsory | It is not compulsory |