The article deals with defining the role of state regulation in the corporate sphere by considering the system of risks and summarizing the negative effects caused by abuse, manipulation, unfair and illegal actions in the market. It is noted that good governance helps to strengthen trust in the company, increases its competitiveness, efficiency and growth. Therefore, it helps attract foreign investment and is the basis for innovative development of the state. Besides, the system and monitoring of risks in the corporate sphere are considered; emphasis is placed on the approach based on risk assessment. Thus, the article proves the need for state supervision in the field of corporate relations and considers ways to improve state regulation of this area of relations by introducing a risk-based approach to the corporate management system.