The book by Alexander Filatov was written on the basis of many years of experience of its author working on boards of directors and is addressed primarily to the top officials of large companies. Its goal is to help shareholders and corporate directors better understand the goals and competencies of the board of directors depending on the corporate model (managed/directed), its form (OJSC/LLC), and a variety of other factors. Alexander Filatov examines the most common mistakes of boards of directors - for example, attempts to participate in the day-to-day management of a business - and suggests ways to avoid them, and also dwells in detail on issues such as: • agency problem between the manager and the owner of the business; • rights and fiduciary duties of a director;• remuneration of board members; procedure for the work of the council; • assessment of the activities of the council.