public limited liability companies are democrat... - WAEC Economics 2018 Question
public limited liability companies are democratic in nature because?
A
government appointees are members of the board
B
they are run by elected public officers
C
electoral principles are adopted in the day-to-day management
D
shareholders elect the board of directors
correct option: 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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