In theory, that's how it works in practice. In practice, though, the shareholders have a lot less power than that: they only get to vote at the AGM, and that's

In theory, that's how it works in practice. In practice, though, the shareholders have a lot less power than that: they only get to vote at the AGM, and that's very much a managed democracy - the managers being the C-suite, and the majority of shares held by institutional investors who will vote whatever way is recommended by the officers.