Contents: Introduction, Michael J. Whincop; Halfway house or revolving door? corporatization and political cycles in Western democracy, A.J. Brown; Governance of public corporations: profits and the public benefit, John Quiggin; Corporatization and the behaviour of government owned corporations, Stephen P. King; Comments on Quiggin and King, Allan Brown; The role of ministerial shareholders in the governance of government owned corporations, Michael J. Whincop; Virtual privatization: governance reforms for government owned firms, David A. Skeel, Jr; Comments on Whincop and Skeel, Bernard McCabe; A private-rights standing model to promote public-regarding behaviour by government owned corporations, Maxwell L. Stearns; Governance, liability, and immunity of government business enterprizes and their boards, Bryan Horrigan; Complaint resolution in government owned corporations and privatized utilities: some legal and constitutional conundrums, Spencer Zifcak; Comments on Stearns, Horrigan and Zifcak, Stephen Bottomley; Index.