Inquiry Paper No. 22 Governance in the Public Interest
The Board of Governors of the University of North Carolina has a fiduciary obligation to ensure the academic and financial health of the University of North Carolina (UNC) while serving the best interests of the state. In fulfilling its fiduciary obligation, there are a series of basic principles that the Board must apply. They include representing the entire university system, not a single constituency; understanding their role as Board members; setting the agenda; keeping informed; understanding the budget and ensuring the efficient use of resources; insisting on high academic standards, defending academic freedom and focusing on student learning.