The Board of Governors is responsible for the overall governance of the university. In consultation with Senate, the Board sets the strategic direction of the institution. The Board appoints the President and Vice-Chancellor, Vice-Presidents, Deans and other senior administrators of the University. The Board has responsibility for all financial matters and matters related to property. It establishes and enforces regulations for the use of the university's buildings, grounds and ancillary operations, approves the university’s operating and capital budgets, oversees expenditures from those budgets, and sets fees.