As Apple provided Mobile Device Management for enterprise device management, does Windows provide the similar functionality as we all know Windows Phone 7 provides more security features than Apple iPhone.
Microsoft make some good high-level material available here that explains the device is managed via Exchange. Functionality like remote-wipe is also part of this Exchange management.
There is no Mobile Device Management equivalent for Windows Phone 7. There also appears no ability to lock down social network integration or application installations. See this TechNet video and the commentary for discussion about this.