Custodianholders - Not-For-Profit Corporations

Custodianholders: Not-For-Profit Corporations

This book sets out an innovative management structure for public sector organisations through the introduction of Not-For-Profit Corporations. It considers how this new structure can make the existing public sector bodies more: efficient, transparent and accountable to service users.

It advocates the introduction of Memorandum and Articles of Association for each corporation. And new governance structures incorporating a strategy board, a management board and the introduction of custodianholders who hold the management to account.

Custodianholders are the public sector's equivalent to the private sector shareholder, and are drawn from those running the organisation, the funders, locally elected politicians and the service users.

The book considers the efficient allocation of capital and the costing of capital projects in the context of a move to adopting private sector accounting conventions.

Having custodianholders instead of shareholders would have the wherewithal of shifting the focus from making profits for shareholders to providing value for money services for the end users.