A national commission is being formed by the Association of Governing Boards of Universities and Colleges to review how regents and boards govern higher education. Former and current educational leaders will make up the 26-member board to look at how boards work with students and administrators as well as how they deal with fiscal issues and academic programs. "In the same way there has been a big change in governance in the corporate world, and I think it's high time and it's very ripe right now for higher education to do some of that same introspection," said former Tennessee Gov. Phil Bredesen, who will lead the commission.

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