Ownership structure plays a fundamental role in terms of corporate governance and therefore is an important factor determining the whole institutional arrangement of corporate governance.

股权结构是公司治理的基础和重要影响因素，决定了公司治理的整个制度安排。

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Ownership structure plays a fundamental role in terms of corporate governance and therefore is an important factor determining the whole institutional arrangement of corporate governance.

股权结构是公司治理的基础和重要影响因素，决定了公司治理的整个制度安排。

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