Corporate Democracy refers to the idea of applying democratic principles within a corporate structure. This concept encourages participation from employees at all levels in decision-making processes, promoting transparency and accountability. By allowing a broader range of voices to be heard, companies aim to create a more inclusive environment that can lead to better outcomes and employee satisfaction. In a Corporate Democracy, practices such as employee voting on key issues, open forums, and collaborative leadership are often implemented. This approach contrasts with traditional corporate hierarchies, where decisions are typically made by a small group of executives. The goal is to foster a culture of shared responsibility and collective ownership.