Objective: This study seeks to deepen understanding of faculty leaders' perceptions of the concept of shared governance. Moving beyond descriptive considerations of faculty perceptions of efficacy of good or bad governance and the discourse focused on declining faculty involvement and conflict paradigms, I consider governance a co-constructed sociopolitical phenomenon in a neoliberal environment. Method: Qualitative analysis of interviews with 27 faculty from nine community colleges in five states was deconstructed to uncover common themes and understandings. Results: Themes of the importance of the faculty voice, trust and transparency, apathy and disengagement emerged. The findings support recent research which suggests that social and cultural aspects of soft governance are key variables in how faculty conceptualize shared governance. Contributions: The study addresses a gap in the literature in understanding how faculty conceptualize shared governance, and supports findings of recent research that suggest the importance of communication and trust in governance. In addition, the study suggests the need for further research in understanding how faculty are socialized into governance roles.