 The provisions of the Companies' Acts do not typically directly apply to such bodies, although their founding legislation may specify similar requirements.The statutory corporation format was usually the form most state-sponsored bodies of the Republic of Ireland took until recent years; however, the usual policy today is that a private limited company by shares or public limited company incorporated under the Companies' Acts is set up instead, with the relevant minister holding 100% of the issued share capital.Nonetheless, several prominent statutory corporations continue to exist, such as Raidió Teilifís Éireann (RTÉ), the Electricity Supply Board (ESB), Bord Gáis Éireann, An Bord Pleanála, the Food Safety Authority of Ireland.