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A board of governors is usually the governing board of a public entity or non-profit organizations. It is the public equivalent of the private board of directors. Many public institutions, such as public universities, are government-owned corporations. The British Broadcasting Corporation was managed by a board of governors, though this role has now been taken by the BBC Trust. In other cases, government services are provided by "independent establishments," which provide an environment mixing a corporation and a government agency (see public-private partnership). These, such as the United States Postal Service, are governed by a board of governors. A more well known example is the Federal Reserve System, which is also partially governed by a board of governors. [edit] United StatesIn the United States, public institutions of higher education (which include state universities and community colleges) are often governed by a board of regents. In each U.S. state, such a boards may govern either the state university system, individual colleges and universities, or both. Boards vary by formal name, size, powers and membership. In some states, members are appointed by the governor. In New York, the Board of Regents of the University of the State of New York oversees all public education, including the State University of New York (SUNY), affiliated community colleges, and the K-12 public school system (run by the New York State Education Department) via the Regents Examinations. High school graduates may receive Regents Scholarships to defray expenses at SUNY universities. [edit] References
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