Learning the difference between an advisory board and a governing board of directors for a college or university is crucial for understanding institutional leadership and decision-making. A governing board, often called the board of trustees or board of regents, holds the highest level of authority, making policy decisions, overseeing finances, and ensuring the institution fulfills its mission. This board has legal and fiduciary responsibilities, including hiring and evaluating the president. In contrast, an advisory board provides non-binding strategic guidance and expertise but does not have decision-making power. Advisory boards are typically composed of industry experts, alumni, or community leaders who offer insights and support without direct governance responsibilities. Understanding these distinctions helps clarify the roles each board plays in shaping a college or university’s direction.