Which of the following is not a special privilege of corporate organizations?

A) Shareholder democracy
B) Joint stock ownership
C) Limited liability
D) Continuous legal identity

Shareholder democracy is not a special privilege of corporate organizations; rather, it refers to the concept where shareholders have a say in the company's decisions, which is a characteristic of how corporations are structured rather than a privilege granted to them. Joint stock ownership, limited liability, and continuous legal identity are all special privileges that enable corporations to operate in ways that individuals and other types of business entities cannot.