The University of Michigan’s Board of Regents may sound like a familiar name, but many students aren’t aware of its actual responsibilities.
The eight elected members of the Board are the governing body of the University. Serving eight-year terms without compensation, the regents provide a general oversight of the institution’s direction and control institutional expenditures.
The regents’ main goal is to ensure the University operates in a financially responsible manner. This can range from approving budgets and tuition rates to managing faculty appointments and overseeing major construction projects across campus…