The Board Of Governors is a group of people that oversee the running of an institution. These people usually have backgrounds in management, finance, and other business-related fields. This group of people makes some of the most important decisions that affect the institution. They are responsible for hiring the president of the institution and agreeing on policies. They also help set the budget and make sure finances are in order. The president is responsible for carrying out the plans and policies made by the board of governors and for managing the day-to-day operations of the institution.