The Board of Governors is responsible for overseeing and directing all matters respecting the management, administration and control of the university’s property, revenues and financial affairs.

This includes:

• construction and maintenance of buildings, equipment and capital assets;
• appointing the president and other senior officers of the university and fixing salaries;
• compensation and terms of employment for all employees, and pension plans for retirees;
• overseeing the university’s finances, investments and pension plans;
• providing for the establishment and/or disestablishment of colleges, schools, departments, endowed chairs and institutes;
• affiliation and federation with other educational institutions;
• setting of tuition and other fees; and
• establishment and oversight of good governance practices, including regulating the conduct of its meetings, establishing its committees and making bylaws respecting matters over which it has responsibility.

The role of the Board is outlined in Board of Governors Bylaws.

• Board of Governors Bylaws
• Governance Standards and Guidelines