Under the shunted economy background, our State-owned enterprises are increasingly taking on a sort of multiple enterprise possession pattern, which manifest state-owned single contributive enterprises, nation holding companies and nation share companies together existing contemporarily. At the same time, those enterprises are as well as taking on different dynamic evolving pattern on account of basal discrepancy, which will necessarily lead to different owned enterprises having otherness at different developing phases, so it is very difficult to generalize governance pattern of our State-owned enterprise with a fixed corporate governance pattern, on the base of those, The paper brings forward the life cycle concept of corporate governance and corresponding dynamic governance pattern.The paper considers that corporate governance is a increasingly developing dynamic process, its development keeps the life cycle disciplinarian of corporate governance. The life cycle theory of corporate governance has transformed the last full-scale governance and "single main body governance" that neglected study idea of about the relation of main bodies, and advanced the governance idea that is making clear primary and secondary and combination of them, it will reach the target that impelling the development of entire corporate governance through more fractionating phase target and emphases of corporate governance and correspondingly selecting governance measures.Based on the life cycle theory of corporate governance, the paper established dynamic corporate governance pattern. Through adopting different governance methods at different stages, measure for measure resolving the keystone and rub in the governance, and making the whole corporate governance not only achieved definite domination power, but also at the best of keeping the agility of the organize structure, answering for need of our State-owned enterprise innovation in present phase, and which will have some use for reference significance to the construction and perfection of our modernistic enterprise institution.
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