The article analyzes the structure of corporate governance, which bears the name of “team production”. The theory of team production assumes not only (not so much) increase of the owners welfare, but supposes assessment of each participant’s contribution into corporate governance, into the final result of the company’s activity through mutual cooperation. The author considers the theory of team production aimed at ensuring socio-economic well-being of society, not just to receive corporate benefit. With the help of the presented model it is possible to improve qualitatively the structure of corporate governance.

The paper proposes a mechanism for the content updating of professional education in Russia as a response to contemporary challenge — inconsistency between requirements of employers and the quality of graduates’ education. The mechanism is based on international best practices and Russian realities, takes into account the interests of employers, education system and individual.