This document discusses governance in higher education, comparing corporate governance with academic governance. It notes that university councils oversee corporate governance according to the CSU Act 1989, while academic senates provide quality assurance and integrity for higher education under TEQSA. The document also references tensions between traditional knowledge-focused university values and more commercialized, entrepreneurial values, as well as theories around delegating work and accounting for stakeholder groups. It concludes by listing principles of transparency, participation, accountability, and sustainability in governance.