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Board members are appointed by the Governor and formally interact with state and federal officials and other state organizations. The Board of Governors works through a consultation process to ensure representatives from all levels of the system have an opportunity to advise the chancellor on state policy decisions.
A board of governors oversees an organizations operations, including financial matters. The most well-known board of governors in the U.S. is the Federal Reserve, whose responsibilities include analyzing domestic and international economic developments and overseeing operations of the Federal Reserve Banks.
The Board of Governors guides the operation of the Federal Reserve System to promote the goals and fulfill the responsibilities given to the Federal Reserve by the Federal Reserve Act. All of the members of the Board serve on the FOMC, which is the body within the Federal Reserve that sets monetary policy.
Board members are appointed by the Governor and formally interact with state and federal officials and other state organizations. The Board of Governors works through a consultation process to ensure representatives from all levels of the system have an opportunity to advise the chancellor on state policy decisions.
As fiduciaries, board members are responsible for all aspects of the entitythe institutionthey serve. This includes but is not limited to overseeing their institutions mission, strategic planning, educational quality, and fiscal integrity.
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The Board of Trustees, a governing body since the universitys founding in 1766, acts in an advisory capacity to the Board of Governors and has certain fiduciary responsibilities.

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