William R. Myers shares three myths about shared governance. Myth 1: Shared governance means that the board, president, administrators, and faculty have an equal say in every decision. Myth 2: Shared governance means that the faculty can exercise veto power over board decisions. Myth 3: Shared governance slows down the decision-making process. None of these is true, but boards often struggle to find ways to implement shared governance while fulfilling their authority and meeting essential deadlines. Here are two tips. Tip 1: Use dashboard data to track basic financial information. The goal is to allow plenty of time for discussion based on key data. Tip 2: Shared governance doesn't mean that every group on campus gets to weigh in on every decision.