企业都有一个核心构造部分，这个核心构造是组成企业的 ４个要素———资本、管理、技术、劳动，各自的责任、权力、利益的构造。责权利构造是公司的“核心构造”，是公司治理结构的 “内核”部分，公司制度安排 （包括契约、体制、组织、规章等）只是公司治理结构的“外壳”部分。公司制度是由责权利构造决定的。有合理的责权利构造，才有合理的制度安排。本期 “公司核心构造研究”栏目发表 《公司核心构造》一书作者查振祥教授研究这个问题的文章。 Enterprises have a core part of the structure, the core structure is composed of the four elements of the enterprise --- capital, management, technology, labor, their respective responsibilities, powers, interests of the structure. The construction of responsibility and rights is the “core structure” of the company and the “inner part” of the corporate governance structure. The institutional arrangement of the company (including contract, institution, organization and regulation) is only the “outer shell” part of the corporate governance structure. The corporate system is determined by the structure of responsibilities and rights. There is a reasonable system of responsibilities and rights and reasonable structure. In this issue of “Research on the Company's Core Structure”, Professor Cha Zhenxiang, author of “The Company's Core Structure,” published an essay on this issue.