The article considers the topical problems of legal regulation in the sphere of corporate governance. The authors analyze the civil legislation on corporations and corporate governance, in particular the rules regulating the corporate contract. It was found that in the article of the Civil Code of the Russian Federation, dedicated to the corporate contract, some issues remained unanswered. Among them is the possibility of its termination. Obviously, this case admits the general rule on the agreement of the parties, but the termination of the contract at the request of parties to the contract cannot be ruled out. The rules of Articles 450–451 of the Civil Code of the Russian Federation cannot be applied due to the specifics of a corporate contract; there are no relevant rules in the special laws that operate with the concept of corporate agreements. This gap must be addressed to in the general rule in the Civil Code of the Russian Federation. It is noted that in the process of improving of legal regulation of corporate governance one should take into account only the positive experience of other countries and not forget about the peculiarities of the national legal system and peculiarities of doing business in Russia.