Statutory corporations are marked by the following features—operational autonomy, special privileges, efficient management, etc. Which values are reflected by setting up such public sector organisations.
The following values are reflected :
(1)Freedom to take decisions according to business environment, without any Govt, interference.
(2)Free from red tapism of bureaucracy.
(3)Efficient and qualified professional staff to take balanced and prudent business decisions.
(4)Public accountability to ensure public interest.