Are corporates democratic?

Dear Mr K Narayan. Please see in 2G Scam all Reliance & Tata & Some Other Corporate are in a tainted Position.Which is contrary to your earlier Belief.Please open your Eyes.Corporates are not Democratic.But i will say that So many Corporates/ politician/Top Burocrats and Ordinary Citizens are honest in India.

"Power to the people"

Well only power we have is electricity, and even that is not in sufficient amount.

Corporate world has only one objective profit. Corporates can support democracy but not practice it. In reality democracy lies only on paper.

So how can one be democratic

Dear Mr Narayan,

I did not say that Undemocratic means Corrupt.
What i say is Corporate works for Profit.It is the only principle it adapts.
Corporate of any company is not a single person.It consists of the top level
Management ,Middle level Management & Jnior Management.So many variables are
there which can happen at any level.

Sorry if i misunderstand your question, but how come corporates be ever democratic, when they are owned by either single person or say a small group of people only. The employees generally never have any control on the polices and rules of a company. Even I never experienced, managers or higher designations are ever distributed by taking employee opinion .

In any case, being a private property,  it is  very obvious, that the profit distribution or designations are totally based on percentage of partnership, family, relations and particularly in Indian scenario, also depends upon his/her caste.

Corporate are mirror of our Society.In principle corporate is democratic as Politics.But In actual it is not , & governed by internal Politics of the Organisation. 

Thanks Sujit to have invited mi to this discussion.

Corporates, as quite every other enterprise (with possiby exclusion of NGOs or companies where employees own all the capital, etc) are not democratic in itself. You don't elect the people who "govern" the organization.

Any case, "nothing is written for ever on the rocks". The democracy issue, started some century ago regarding political rights, then involved civil rights and, from the XIX century, it involve social rights.

How, if any, have a greater level of democracy (and what does't means in practice, what kind of participation is possible..) in the work place (private or public) still is under discussion/ experimentation

                 Many corporations are now global,

                     but governments are national

And thus many corporations are out of the jurisdiction of any governing body.

So the governments are becoming weaker than global corporations.

In this case, then we may need to transform corporations into democracies and provide democratic rights and freedoms to all their stakeholders. I wonder how this could be made to work on a practical level.

Perhaps the way this could be done would be to

1. To Give employees voting shares proportional to the percent of annual income represented by their annual wage, or better yet, in proportion to the number of hours they work for the corporation
2. To Open up more decisions to the voters -- not just board appointments and so forth, but perhaps increasing numbers of corporate decisions.

Ideally the corporation could run as democratically as possible on an internal level. i.e. "internally democratic."

1. The next step can be to issue voting shares to communities in which the corporation does business -- whether it has a store there or a factory there for example -- in proportion to the amount of business done in that community.

Corporates can never be democratic. These are always capitalistic even in democratic or communist set up of any country.

Not at all. These have set rules for governance. Only changes that benefit the management would be effected.