corporatize
verb[IorT]
uk/ˈkɔːpərətaɪz/us(UK alsocorporatise)ECONOMICS,GOVERNMENT
tochangeagovernmentorganizationinto aprivatelyownedcompany:
Postal and telecommunicationserviceswere corporatized with theestablishmentof twoseparatecompanies.
corporatization
noun[U](UK alsocorporatisation)
Reforms such as corporatization,privatizationand theintroductionof newfinancialmanagementsystemshaveledtomajorimprovements.