The idea of the article came to one of its authors more than three years ago, when he answered the questionnaire while applying for an Executive MBA in one of the foreign business schools. The question was about what one expects from the MBA program and what benefits he gets participating in the program. Given that he already had experience of working as an independent director in a number of Russian state-owned and private companies, he answered the questions appropriately, keeping in mind the challenges that he had faced. The article, as he thought at the time, had to be called “What for does MBA serve for independent director.” (This is the question he actually answered by filling the questionnaire of the business school.) And at the end of his two-year training his view changed and the article acquired the current title.