Corporate governance in a broad sense is a science that studies the arrangement of enterprise power. In a narrow sense, it is a science that lives in the level of enterprise ownership, studies how to empower professional managers, and exercises supervisory functions for professional managers to perform their duties. Based on the standpoint of economics, enterprises have two kinds of rights: ownership and management rights, which are separated. Company management is a science based on the "management level" of an enterprise, which emphasizes the behavior authorized by the enterprise owner to the management right holder, and the management right holder takes all management measures to achieve the business objectives when authorized. Correspondingly, corporate governance is a science based on the "ownership level" of enterprises, which emphasizes the scientific authorization and supervision of professional managers.
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