What measures can be taken to make public corporations more efficient?

• REGULAR AUDITING OF ACCOUNTS: the accounts of public corporations must be audited regularly. this ensures accountability and good management.
• RECRUITMENT OF EXPERIENCED AND QUALIFIED PERSONNEL: More qualified people should be recruited and
  they should be well paid.
•  There should be no Political Interference: The management of public corporations should
  be free from political interference. This
  would enable them to be more dedicated
  and creative. 
• The government should provide enough funds: Government should increase its annual grant
  to public corporation to enable them buy
  essential equipments they need. 
• They should not enjoy monopoly: Private individuals should be allowed to own
  and control public corporations if they have the
  resources. This will ensure ‘competition
  and efficiency. 
• Prompt payment of rates: The members of the public should be
  educated on the need to pay their rates promptly and
  regularly. This will increase the   revenue base of public corporations. 
• Corrupt officials
  must face legal action: Any official of any public corporation who
  embezzles funds must be made to face trial. This
  is one way of discouraging corruption
  in public corporations.