The University is governed by a Board of Trustees, comprised of outstanding business, community and civic leaders from across the state and nation. The Board of Trustees is limited to 50 regular members and generally meets twice a year. The Board has legal authority over the academic and financial policies, operations and general welfare of the University. The Board is served by a Chairman, other officers and active standing committees that relate to academic affairs, student relations, financial and investment matters, building and grounds, development and institutional advancement, intercollegiate athletics, and audit functions.
The Board is charged with the election of the Chancellor and other senior administrative officers, and provides oversight and stewardship for the long-term planning and effective administration of TCU. It approves tuition and fees, operating and capital budgets, academic policies and programs, granting of tenure, capital projects, fund-raising programs, strategic plans and other key matters affecting the interests and health, both short-term and long-term, of the University.
On June 1, 2003, Victor Boschini became TCU's 10th Chancellor. Prior to his arrival at TCU, Boschini served as President of Illinois State University.