The scientific community, rating agencies and news media pay close attention to the issue of corporate conflicts, which affect company’s operations, business reputation and capitalization. The research conducted by the authors of this article is devoted to the search for answers to questions about corporate conflict resolution tools. In our research mediation is regarded as an instrument for resolving corporate conflicts in Russia. The article presents the content of the mediation process and emphasizes the importance of this method in resolving persisting corporate conflicts that are witnessed in current Russian practice. The authors analyze the characteristics of corporate conflicts and highlight the fundamentals of mediation in resolving them in Russia. The article concludes that the institution of mediation in Russia does not match the essence of mediation as an extra-judicial form of conflict resolution.