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===Shareholder democracy=== {{Main|Shareholder democracy}} 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 [[Chief executive officer|executives]]. The shareholder democracy framework may be inaccurate for companies which have different [[Share class|classes of stock]] that further alter the distribution of voting rights.
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