This Report recommends a new framework to achieve good governance practice for tertiary education institutions (TEIs) in New Zealand. The governance practice of TEIs in New Zealand is not seriously flawed, but there is considerable room for improvement, particularly in clarifying the roles and responsibilities of Councils, Chief Executives and Academic Boards, sharing of good governance practice across the sector and optimising the role of stakeholders in tertiary governance. The Report recommends a package of measures to enhance governance performance across the tertiary education system and to better position individual institutions to deal with the increasingly complex educational, technological and commercial challenges of the twenty-first century.