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Joint owned companies as instrument of Local Government: Comparative evidence from the Swedish and Italian water sector

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Author

Summary, in English

The combination of features from the public and private sectors in jointly owned companies imposes challenges to the governance and control mechanisms of these organisations, which have been criticised for lacking accountability. Where there is fragmented ownership, the interests of different owners need to be coordinated. The aim of this article is to consider how such companies can be governed in order to avoid this lack of accountability. The focus is on Swedish and Italian experience with joint public–private water supply companies in the local government area. The analysis draws on the literature on corporate governance in the public sector and shows that, even though contextual differences exist between the Swedish and Italian cases, there are also similarities in regard to the need to manage the conflicts of interests that surface due to fragmented ownership.

Publishing year

2011

Language

English

Pages

277-289

Publication/Series

Policy Studies

Volume

32

Issue

3

Document type

Journal article review

Publisher

Routledge

Topic

  • Economics and Business

Conference name

The International Research Society for Public Management (IRSPM) 2010

Conference date

2010-04-07 - 2010-04-09

Conference place

Berne, Switzerland

Status

Published

ISBN/ISSN/Other

  • ISSN: 0144-2872