In 1985 Valery Fokin became the Head of the Moscow M. N. Ermolova Theatre. The years 1975 to 1979 saw Valery Fokin teaching in the Russian State Institute of Performing Arts, then teaching in the Krakow High Theatre School in Poland during 1993–1994 and then the Toen Theatre in Tokyo, Japan. He also hosted a workshop at Theatre Directing courses in Spain, Sweden and Bulgaria. In 1996, two Valery Fokin festivals were organised in Moscow and St. Petersburg. They were called Valery Fokin. Three performances on the Arena (Moscow, March 1996) and Valery Fokin Metamorphoses (St. Petersburg, the Na Liteinom Theatre, November-December 1996). Since 1988, Valery Fokin has presided at Meyerhold's Legacy Preservation Commission.
In 2000, Valery Fokin was awarded the State Prize of Russia in the field of educational work — for the preservation, study, and development of the creative heritage of Vs. Meyerhold, for the creation of the Theatre and Cultural Center named after Vs. Meyerhold. The opening of the new building of the Meyerhold Center took place on February 12, 2001. From the day of its foundation to September 2011, Valery Fokin was the director and artistic director of the Meyerhold Center; since September 2011, he has been its President. In February 2016, St. Petersburg hosted the Ten Performances of Valery Fokin Festival, which showed the ways of development of the director's creative method and the artistic experience of the stage he had headed during the period since 2002 — the time of the creation of Valery Fokin's first production at the Alexandrinsky Theatre. In 2018, Valery Fokin celebrated the 50th anniversary of his creative work.