Right of Shareholder Governance: the Essence of Corporate Governance

In the same corporate, minority shareholders is absolutive separation of rights, but dominant shareholder is not, even two rights combine into one. So the corporate governance of proxy theory can not settle problem fundamentally. The basic problem of governance is how to supervise the dominant shareholder's action, mean rights and duties of shareholders are compatible, which is rights of shareholder governance, the system of exchange and restrain will trustify in all shareholders, the system of board of directors will be innovation, then we can realize the target of corporate governance.