ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Accountability and Autonomy of Public Undertakings

The 'holding company', the 'memorandum of understanding' (MOV) as well as other suggestions to safeguard the autonomy of public sector undertakings are all formal, institutional devices to minimise government interference in the management of public enterprises, whereas the more frequent and damaging interference is of the informal kind.

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