Based on the life cycle theory of corporate governance, the paper established dynamic corporate governance pattern.

基于公司治理的生命周期理论，本文建立了公司治理结构的动态治理模式。

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Enterprises have a certain life cycle, which will be in various stages of life encountered a variety of crises, resulting in corporate life curve changes.

企业具有一定的生命周期，各个生命阶段当中会遭遇到各种不同的危机，从而导致企业生命曲线的变化。

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Yet the progressive economic policy-making coming out of Washington today rests on the futile attempt to escape the corporate cycle of life that lies at the heart of capitalism.

FORBES: Polaroid, Kodak, Apple: No One Escapes the Winds of Creative Destruction