Of course. Sure.
There are some companies that are publicly listed on stock exchanges, and people buy shares. For example, if you're a company subject to the Ontario Securities Commission, it has a whole list of requirements that these public companies have to meet in terms of the disclosure, the material risks and change and so on. If they don't do that, they'll be in breach of those security rules.
More principally, the whole idea of a business enterprise is to be responsible to the people that invest in you. That's the definition of an entrepreneur: someone who takes risk and manages it.