传统企业互联网转型，战略和商业模式解决做什么、怎么做，合伙股权设计解决的是谁投资、谁来做、谁收益的问题，这些问题，不但解决了企业的产权问题，也解决了企业的分配问题，还解决了企业的经营管理问题，因此，合伙股权的设计就是企业的顶层设计。

In the Internet transformation of traditional enterprises, the strategy and business model solve the problems of what to do and how to do. The partnership equity design solves the problems of who invests, who will do and who will benefit. These problems not only solve the problem of enterprise property rights, but also solve the problem of enterprise distribution, but also solve the problem of enterprise operation and management. Therefore, the partnership equity design is the top-level design of the enterprise.

有公司的历史就是有股权的历史，股权伴随每个企业生命周期的每个阶段。工业化时代企业成功在于善用经理人，互联网时代企业成功在于善用股权。那么我们在设计股权之后其他需要关注的问题是什么？

The history of a company is the history of equity. Equity accompanies each stage of each enterprise's life cycle. The success of enterprises in the industrial era lies in the good use of managers, and the success of enterprises in the Internet era lies in the good use of equity. So what are the other issues we need to pay attention to after setting up equity?

（一）公司价值

（1） Company value

公司价值的大小不仅关系股东利益，而且还影响会计信息的相关性，采用不同的方法计量股东权益，必然导致不同的结果，根据资产价值属性选择恰当的方法计量股东权益价值尤为关键。

The size of the company's value is not only related to the interests of shareholders, but also affects the relevance of accounting information. Using different methods to measure shareholders' equity will inevitably lead to different results. It is particularly critical to choose an appropriate method to measure the value of shareholders' equity according to the attribute of asset value.

（二）公司架构

（2） Company structure

股权架构就像设计大楼的架构，核心主体公司股权结构，项目子公司股权结构，关联公司交易结构。没有设计好大楼架构，工程队再给力也不可能造出摩天大楼。

The ownership structure is like the structure of the design building, including the ownership structure of the core subject company, the ownership structure of the project subsidiary and the transaction structure of affiliated companies. Without the design of the awesome building, the engineering team can not build skyscrapers anymore.

（三）公司治理

（3） Corporate governance

从广义角度理解，是研究企业权力安排的一门科学。从狭义角度上理解，是居于企业所有权层次，研究如何授权给职业经理人并针对职业经理人履行职务行为行使监管职能的科学。

From a broad perspective, it is a science to study the arrangement of enterprise power. In a narrow sense, it is a science that lives at the level of enterprise ownership, studies how to authorize professional managers and exercise supervision functions for professional managers' performance of their duties.