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Shareholder democracy is a concept relating to the governance of corporations by their shareholders. In the United States, shareholders are typically granted voting rights according to the one share, one vote principle. Shareholders may vote annually to elect the company's board of directors, who themselves may choose the company's executives.
Athenian democracy – democracy in the Greek city-state of Athens developed around the fifth century BCE, making Athens one of the first known democracies in the world, comprising the city of Athens and the surrounding territory of Attica. It was a system of direct democracy, in which eligible citizens voted directly on legislation and ...
A direct democracy, or pure democracy, is a type of democracy where the people govern directly, by voting on laws and policies. It requires wide participation of citizens in politics. [ 4 ] Athenian democracy , or classical democracy, refers to a direct democracy developed in ancient times in the Greek city-state of Athens.
In liberal democracy, an elected government cannot discriminate against specific individuals or groups when it administers justice, protects basic rights such as freedom of assembly and free speech, provides for collective security, or distributes economic and social benefits. [35]
A democracy is a political system, or a system of decision-making within an institution, organization, or state, in which members have a share of power. [2] Modern democracies are characterized by two capabilities of their citizens that differentiate them fundamentally from earlier forms of government: to intervene in society and have their sovereign (e.g., their representatives) held ...
Democracy is based on the concept of popular sovereignty. In a direct democracy the public plays an active role in shaping and deciding policy. Representative democracy permits a transfer of the exercise of sovereignty from the people to a legislative body or an executive (or to some combination of the legislature, executive and Judiciary).
In the 20th century, T. H. Marshall proposed what he believed to be central democratic ideals in his seminal essay on citizenship, citing three different kinds of rights: civil rights that are the basic building blocks of individual freedom; political rights, which include the rights of citizens to participate in order to exercise political ...
Concepts of democracy turn out to be more demanding, the more they move from a mainly electoral democracy (emphasizing elections and political rights) to a liberal democracy (also encompassing civil liberties), and further extending to a liberal democracy of an advanced high quality. In that logic, the Democracy Ranking reflects and requires a ...