That's not as simple to answer as it might seem, but I'd say generally the Scandinavian countries, Holland, and some of the Europan Union.

A lot of it is down to opinion but I would have to say one of the Scandinavian countries or Switzerland, which employs a form of direct democracy: http://en.wikipedia.org/wiki/Switzerland#Direct_democracy

Technically a "real" democracy would have every one of it's citizens voting on EVERY single issue. Which would be incredibly time consuming. Which is why we have a Representative Republic. Wherein we have someone else "technically" votes for our views.

I'm not sure your qualification has anything to do with the standard definition of democracy - let alone REAL democracy - as democracy typically entails "majority rule". As for systems where both majority and minority have a say in "the governance", I'd have say it would have to be those nations that either have a form of direct democracy, or those that employ a system of proportional representation, but the list of those countries includes many that one does not normally think of as being especially "democratic". Countries With Some Degre of Direct Democracy or Proportional Representation at the National Level: Algeria Angola Australia (Senate) Austria Argentina Belgium Bolivia Brazil Bulgaria Burkina Faso Burundi Cambodia Cape Verde Colombia Costa Rica Croatia Cyprus Czech Republic Denmark Dominican Republic Equatorial Guinea Estonia Finland Germany Greece Guinea-Bissau Guyana Hungary Iceland Indonesia Ireland (including Northern Ireland) Israel Italy Japan Latvia Lesotho Liberia Liechtenstein Luxembourg Malta Mexico Moldova New Zealand Namibia Netherlands Netherlands Antilles New Caledonia Nicaragua Norway Northern Cyprus Paraguay Peru Poland Portugal Romania San Marino Sao Tome and Principe Scotland Slovakia Slovenia South Africa South Korea Spain Sri Lanka Suriname Sweden Switzerland Taiwan Thailand Turkey Uruguay Venezuela Wallis and Futuna