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. Custodian holders 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 efficient allocation of capital and the costing of capital projects are considered in the context of a move to adopting private sector accounting conventions.