Introduction. The dynamism of corporate governance generated by internal factors of development corporations, such as the desire to attract investors, to improve its ranking in the eyes of the public, to increase the effectiveness of personnel management of the corporation. External factors are the dynamics of the corporate institutional framework of corporate governance, which can include legislation on aspects of corporate governance in Russian companies, as well as guidance documents, which include the Code of Corporate Governance. As part of the institutional framework have been many changes,
which require analysis and systematization. Theoretical analysis. Based on analysis of the amendments to the Civil Code of the Russian Federation, a number of corporate laws and the Corporate Governance Code implemented systematization of the latest innovations in the institutional framework of corporate governance. The analysis was performed by allocating blocks of corporate governance: the rights of shareholders, management bodies, information disclosure, corporate social responsibility. The author identifies the official emergence of the term «corporation» and «corporate relations», particularly public and non-public companies, considering innovations in relation to therights and responsibilities of shareholders, as well as the functions of members of the Board of Directors. Results. Analysis of innovation in the institutional framework of corporate governance, as well as analysis of the new Corporate Governance Code has revealed the role of these innovations in the formation of an effective system of corporate governance in Russian companies, as well as in resolving corporate conflicts. Key words: corporate governance, public joint stock company, rights of shareholders, Board of Directors, Corporate Governance Code.