Public limited liability companies are democratic in natu...
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
Correct answer is D
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.
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