This type of establishment benefits from certain advantages in its functioning, which are as follows:
- They enjoy freedom in their operation and a high degree of functional flexibility. They are least affected by undesirable government regulation and control;
- As the finances of these establishments are not from the central budget, the government usually tends not to interfere in their financial issues, not excluding their earnings and receipts;
- As these are independent bodies they set their own policies and procedures within the powers allocated to them by the Act. The Act may nevertheless, present a few issues or matters that need prior consent of a specific ministry;
- A statutory corporation is a precious instrument for financial growth and development. It has the power of the government, combined with the initiative of private undertakings.