Shareholder democracy is the requirement that every stockholder has equal voting rights when selecting the Board of Directors.

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Shareholder democracy often refers to the principle where shareholders have a say in company decisions, but it doesn't necessarily mean every stockholder has equal voting rights. Voting power can be influenced by the type of stock owned, with common shares typically having one vote per share, while preferred shares might have different or no voting rights.

Shareholder Democracy Is the Requirement That Every Stockholder Has Equal