FOUR:
Chapter 4 examines solutions to public outsourcing problems that rely on a specific form of supplier ownership. These include, on the one hand, the possibility of insourcing public services – taking them back in-house – to reinstate public ownership. Public ownership comprises variations beyond traditionally centralized administrative control, including, for example, the majority state-owned company. But, on the other hand, the state may select private providers that commit to a sustainable corporate ownership form in which internal governance elements relating to purpose (beneficiary rights), power (control rights) and profit (economic rights) are reconfigured so as to temper financialization within the firm, ensuring that the governance incentives of public and private contracting partners align more closely and reducing exploitation and formalization of outsourcing contracts.
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