This "Statement on Board Responsibility for the Oversight of Educational Quality," approved by the Board of Directors of the Association of Governing Boards (AGB) in March 2011, urges institutional administrators and governing boards to engage fully in this area of board responsibility. The seven principles in this statement offer suggestions to promote and guide that engagement. The principles include: (1) The governing board should commit to developing its capacity for ensuring educational quality; (2) The board should ensure that policies and practices are in place and effectively implemented to promote educational quality; (3) The board should charge the President and chief academic officer with ensuring that student learning is assessed, data about outcomes are gathered, results are shared with the board and all involved constituents, and deficiencies and improvements are tracked; (4) The board is responsible for approving and monitoring the financial resources committed to support a high-quality educational experience; (5) The board should develop an understanding of the institution's academic programs--undergraduate, graduate, and professional programs; (6) The board should ensure that the institution's programs and resources are focused on the total educational experience, not just traditional classroom activity; and (7) The board should develop a working knowledge of accreditation--what it is, what process it employs, and what role the board plays in that process. Furthermore, it presents principles and recommendations for boards and institutional leaders to consider and to adapt to their own unique institutional circumstances. (Contains 1 footnote and 18 resources.)