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Abstract: Corporate Governance has gained more and more attention both in theory and practice as a world wide research topic. It is very necessary and urgent to study corporate governance today with the globalization of economy and the development of information and network technology. In this paper we study corporate governance as a system, a system of mutual function process among the parties involved in corporate governance. The concept and characteristics of CGS are analyzed. Good governance relies on the scientific decision making mechanisms and the premise is timely, accurate and complete information. But in CGS the information bottle-neck obstructs the information flow among the stakeholders. To solve the above problem and find good approaches to guarantee the effectiveness and efficiency of CGS in new economy, we adopt information and network technology into CG and present the concept of CGIS. The meaning and characters of CGIS and the approaches the CGIS how to break the information bottle-neck are analyzed. Then the relation between CGIS and CGS is discussed and the support of CGIS to CGS is studied. The different functions and sub-systems of CGIS are also given in the final part of the paper. With the development of information and network technology and the ever-changing environment of enterprises, information is getting more and more important to guarantee effective and efficient CG. The adoption, construction and application of CGIS are necessary and operational to good governance. Corporate governance has gained more and more attention both in theory and practice as a world wide research topic. Because the research of corporate governance is important to sustained development of the enterprises, to realize the social value of the enterprises, to protect the interests of the stakeholders and even to guarantee the wealth growth of the country. At the same time of theoretical study, a lot of work has been done in practical aspect. For example, we constitute corporate governance principles to make corporate governance more standard. In China the corporate governance principles have also been set about. It is very necessary and urgent to study corporate governance today in confirmity to the globalization of economy. Information and communication technology (ICT), as another factor, also influences the models, methods and ways of corporate governance greatly, and makes the corporate governance principles easy to be carried out. Because the ICT makes the shareholders and other stakeholders get the information more quickly, accurately, completely and effectively, the application of ICT makes the function of decision making and monitoring more effective. By using electronic voting, virtual conference and other information technology and systems the minority shareholders can participate in the general meeting of shareholders easily and conveniently, and then protect their interests effectively. By adopting DSS, the board of directors makes the decision more scientifically and in high efficiency. So considering the impact of ICT on corporate governance structure and mechanism, to analyze the corporate governance from the point of view of system and study the information flow, decision making, monitoring, evaluation, incentive mechanism in CG are of great importance both in theory and practice. 1 Corporate governance is a system, a system of mutual function process among the parties involved in corporate governance. Corporate governance