public limited liability companies are democratic in nature because?

Public limited liability companies are not necessarily democratic in nature because of government appointees being members of the board or because they are run by elected public officers. However, they can be considered democratic because of the principle of shareholder democracy. In a public limited liability company, shareholders elect the board of directors, who are responsible for making important decisions for the company. This allows for the voice of the shareholders to be heard and for them to have a say in the direction of the company. This is a democratic aspect of public limited liability companies as it allows for the will of the people (the shareholders) to be reflected in the decisions of the company.