The board is responsible for governing and managing the affairs of the University, including the power, (a) to determine the mission, vision and values of the University; (b) to appoint and remove a chancellor; (c) to appoint and remove the president; (d) to appoint, promote, suspend and remove members of the teaching staff and non-teaching employees of the University; (e) to fix the number, duties and salaries and other benefits of the teaching staff and of the non-teaching employees of the University; (f) to appoint committees and assign or delegate to them such duties and responsibilities as may be provided in the by-laws adopted by the board, including authorizing them to act on behalf of the board in the matters specified in the by-laws; (g) to approve the annual budget of the University and to monitor its implementation; (h) to establish and collect fees and charges for tuition and other services that may be offered by the University or that may be approved by the board on behalf of any organization or group of the University; (i) to regulate the conduct of students, staff and all persons who use the property of the University, including denying any person access to the property; (j) to define, for the purposes of the by-laws adopted by the board, the following terms: staff, manager, professor, associate professor, assistant professor, lecturer, associate, instructor and tutor; (k) to conclusively determine which body within the University has jurisdiction over any matter; and (l) to make by-laws, resolutions and rules for the conduct of its affairs.
The board is composed of not less than 12 and not more than 30 members. The chancellor and the president are ex officio members. Three members are appointed by the Lieutenant Governor in Council who are not a student, a member of the teaching staff, nor a non-teaching employee of the University. One person is elected by the teaching staff from among themselves. One student is elected by the students of the University from among themselves. One person is elected by the non-teaching employees of the University from among themselves. Such other persons as may be set out in the by-laws of the board are appointed by the board.
Members appointed by the Lieutenant Governor in Council serve for a maximum of three years and are eligible for reappointment. No member shall serve for more than six consecutive years, but is eligible for reappointment after one year's absence from the board. When a vacancy occurs before a member's term has expired, a new member may be appointed for the remainder of the unexpired term. The board elects annually a chair and at least one vice-chair from among its members who are not students, teaching staff or non-teaching employees of the University.
Appointees do not receive remuneration.