Long-term successful development of a company is possible if the mechanism of its board of directors is well regulated. And in a situation where shareholders withdraw from the operational management of the business, this body becomes not only the most important, but also practically the only instrument for ensuring ownership control. The book contains methodological recommendations developed on the basis of the best corporate governance practices to ensure the effective performance of its functions by the board of directors. Publication intended for chairmen, members of boards of directors, top managers and corporate secretaries of public and private companies, as well as joint stock companies with state participation, operating in Russia in accordance with the Federal Law “On Joint Stock Companies”.