True or False: Government corporations are subject to the supervision of the Securities and Exchange Commission.

Government corporations are typically established to provide services that may not be profitable for private companies but are essential for the public welfare. They have a specific role in the promotion of economic growth, providing public services, or completing functions that the government deems necessary. In many jurisdictions, including under the Revised Corporation Code, government corporations have a distinct framework of governance and are often exempt from the oversight of private regulatory bodies like the Securities and Exchange Commission (SEC).

This means that they do not fall under the same regulatory requirements as private corporations, particularly in matters of registration, compliance, and reporting that are overseen by the SEC. Their operations and finances are usually subject to different regulations and may be monitored by other government entities, but not by the SEC. This clarity on the independent status of government corporations relative to the SEC establishes the correctness of the assertion that government corporations are not supervised by the SEC.