The most important areas of work of the corporation's board of directors are considered: duties, functions, basic procedures and principles of relations with corporation managers and shareholders, the tasks of the board of directors to control the implementation of the company's long-term strategy, select the general director and board members, and evaluate their effectiveness. p>Positive trends in the expansion of powers of councils and their active interaction with major shareholders are analyzed. The principles of formation and tasks of the main committees of the board are described in detail: on audit, on remuneration, etc. The necessity of separating the posts of chairman of the board of directors and the general director of the company, as well as strengthening the role of external directors in the board is substantiated.For university students educational institutions studying economics and management may be of interest to top managers, company owners, shareholders.