I think you may be technically right, but only in the sense that, say, employees do not have to do as they are told by their bosses. Sure, you cannot force an employee to do so something. And yet it's a pretty good description for what actually happens.
> I think you may be technically right […]
What is the law if not a bunch of technicalities.
(It is probably reasonable to talk about shareholder-owners proverbially and as a 'mental shortcut', but it should not be confused for actual reality—especially by those who should know better, like corporate officers.)