Today's challenging higher education environment demands a new way of making decisions. Changing business models and methodologies for delivering academic programs present new opportunities (as well as risks) and call for innovative responses. This publication aims to "reboot" dialogues among boards, presidents, and faculties. It creates a roadmap to navigate the complicated new terrain to a better state of shared governance and stakeholder engagement. Author Steven C. Bahls discusses three traditional (but inadequate) perspectives on shared governance and then advocates for a better way. Pulling on his own extensive experience including his current role as president of Augustana College, Bahls explains why what is really needed is a new perspective of shared governance including a system that better aligns priorities, creating a shared set of metrics to measure success. Key take-away advice includes how to: (1) Consistently and publicly remind all constituencies about the importance and value of shared governance; (2) Periodically assess the state of shared governance at the institution; then develop an action plan to improve it; (3) Support programs to strengthen faculty self-governance; and (4) Maintain a steadfast commitment to three-way transparency and frequent communication; and Respect traditional rules of faculty engagement. Following a Preface, this publication is organized into the following chapters: (1) Shared Governance in a World of Disruptive Change; (2) Competing Views of Shared Governance; (3) Shared Governance: Law and Policy; (4) Overcoming Barriers to Effective Shared Governance; (5) A Practical Guide to Shared Governance; and (6) Best Practices in Shared Governance. The Shared Governance Survey is appended. [Northern Trust provided financial support for this publication.]