Effective governance is now more important than ever to ensure that universities preserve the autonomy fundamental to the vital role they play in our society. These exciting institutions are at the forefront of research and teaching and are expected to be drivers and facilitators of social and technological change, innovation, commercialization, and knowledge transfer. As educators and recipients of significant public funds, they are the focus of public opinion and close financial scrutiny, and must work to comply with ever-changing government policy and increasing regulation.

This...