If you are the owner or manager of a company and you are faced with the task of building an effective corporate governance system and competently implementing corporate governance best practices, read this book. The author, Vladimir Verbitsky, talks in detail about corporate governance as a tool for managing companies. He is convinced that international corporate governance standards need to be adapted when applied in Russian practice. Many years of experience in cooperation with dozens of companies has allowed us to develop our own four-factor PhICS approach, which allows us to build an individual corporate governance system in relation to a specific company and select from the theory of corporate governance only that which actually works to improve the efficiency of the company in real business conditions. The book will be useful not only to current owners, managers, independent directors and members of boards of directors, but also to students of Executive MBA programs.