WAEC - Economics (2018 - No. 19)
public limited liability companies are democratic in nature because?
government appointees are members of the board
they are run by elected public officers
electoral principles are adopted in the day-to-day management
shareholders elect the board of directors
Paaiškinimas
The directors could not dictate the decisions in the company as the rights in decision making process also vest in the hands of shareholders. Thus democracy is maintained well.