Corporate governance is also called corporate governance, corporate governance and enterprise management. The Organization for Economic Cooperation and Development gives a representative definition in the Principles of Corporate Governance Structure: "Corporate governance structure is a system for managing and controlling industrial and commercial companies". The corporate governance structure clearly stipulates the responsibilities and rights distribution of all participants in the company, such as the board of directors, managers, shareholders and other stakeholders.
Corporate governance bears the responsibility of supervising and controlling the implementation process of enterprise strategy.