The advantages of democracy are a peaceful transition of power and non-violent outlets for political action. That is to say, you don’t have to worry about a succession war when the king dies, and if people don’t like what the government is doing they tend to advocate and vote rather than try to overthrow it.

These advantages don’t really apply to companies. Your life isn’t tied to a company the way it is to your government, so if you don’t like how they chose the leader or what they’re doing, you can leave.