The narrow corporate governance structure mainly refers to the relationship among shareholders, directors, supervisors and managers within the company, while the broad corporate governance structure also includes the relationship with stakeholders (such as employees, customers, depositors and the public).
Legal basis:
Measures for the Administration of the Formulation of the Articles of Association of State-owned Enterprises in People's Republic of China (PRC) Article 4 The formulation and management of the articles of association of state-owned enterprises shall adhere to the principles of overall leadership of the Party, governing the country according to law and equality of powers and responsibilities, effectively standardize corporate governance, implement the property rights and operational autonomy of enterprises as legal persons, improve the supervision of state-owned enterprises, and ensure the preservation and appreciation of state-owned assets.