Abstract:The outbreak of COVID-19 is a great test of the effectiveness of the modern governance system and ability. Faced with the epidemic, to straighten out the emergency governance system of government governance, social governance and corporate governance initiated by severe public health emergencies is the key to deal with the crisis. This study puts forward the top-level design principle, borrowing principle, classification governance principle, cost sharing principle, and disclosure principle to be followed in the smooth running of emergency governance system, points out the weaknesses of emergency governance system which should be strengthened, and proposes the corresponding suggestions and measures in the critical period of epidemic response, so as to improve the effectiveness of the governance system.