Corporate governance has a wide range of connotations and extensions, and it is the core issue of concern in the fields of economics and law. Generally speaking, corporate governance is an institutional arrangement for companies. Broadly speaking, it is a system or mechanism formed around the company to coordinate the interests of internal stakeholders or between the company and external stakeholders. Narrow corporate governance mainly refers to the internal governance of the company, which is a corporate governance structure composed of shareholders' meeting, board of directors, board of supervisors and management. Generally speaking, corporate governance mostly revolves around internal corporate governance.
Both listed companies and non-listed companies have corporate governance problems, but listed companies often have the characteristics of many investors, strong externalities and serious information asymmetry, and their corporate governance problems are often concerned. Only by standardizing the governance structure of listed companies can we form effective institutional constraints, gain public trust and achieve healthy and sustainable development.