Corporate Governance Mechanism's Evolution Balanced Study Based On The Diversity

As knowledge economy and the interact economy developing fast and integrate, human behavior and the business environment are full of uncertainty. Corporate governance has become more and more complicated and the traditional theory and linear thinking are difficult to explain and resolve the reality of corporate governance issues. Therefore, corporate governance has been seen as a complex economy, and to be researched from cross discipline angle. The most area of the research is concentrated in how to build the corporate governance structure. In this paperⅠdiscuss corporate governance under the perspective of the diversity which is the basic feature of the complexity.First of all, this paper define the corporate governance's complexity, then determinate the relations between the corporate governance structure, corporate governance systems and corporate governance mechanism from the perspective of the evolution theory. Secondly,Ⅰuse the set theory to describe the relationships of them. Thirdly,Ⅰestablish the evolutionary game model to analysis the different corporate governance mechanism's evolution result. At last, we analyze the diversity of China's corporate governance.The conclusion is the institution's arrangement must consider the need of the stakeholders. If stakeholders are uncertainty, the evolution's result will be only a institution survive. But which institution can survive depends on the initial state.