There are many slightly different interpretations of corporate governance. I personally agree with Li Weian that corporate governance can be divided into broad sense and narrow sense. In a narrow sense, corporate governance refers to a kind of supervision and balance mechanism for owners (mainly shareholders) to operators. Its main feature is the internal governance of the corporate governance structure composed of shareholders' meeting, board of directors, board of supervisors and management; Corporate governance in a broad sense is to coordinate the interest relationship between the company and all stakeholders (shareholders, creditors, suppliers, employees, government, community) through a set of formal or informal internal or external systems or mechanisms.
Simply put, you can understand corporate governance as the combination of authorization and right balance mechanism, standardization, risk control and internal management, and information disclosure. Good corporate governance is reflected in the fact that shareholders, directors and senior executives of the company perform their respective duties; Strict and standardized management; Stable operation, low risk of abnormal change and loss; Let people understand and see clearly; Positive social image.