The Harvard Corporation, also known as the President and Fellows of Harvard College, is the smaller of Harvard’s two governing boards. Chartered in 1650, the Corporation exercises fiduciary responsibility with regard to the University’s academic, financial, and physical resources and overall well-being. It consists of the President, the Treasurer, and other members known as Fellows.
The Corporation is currently in the process of expanding from seven to 13 members and elaborating its committee structure in light of reforms adopted by the governing boards in December 2010.
Board of Overseers
The Board of Overseers is the larger of Harvard’s two governing boards. Established in 1642, the Board of Overseers is made up of Harvard University alumni.
The Board typically gathers five times per year and is tasked with a number of essential duties, including directing the visitation process, which is the primary means for periodic external assessment of Harvard’s Schools and departments. The goal of these assessments, conducted through the Board’s various committees, is to ensure that Harvard remains true to its charter as a place of learning. The Board also provides counsel to the University’s leadership on priorities, plans, and strategic initiatives.
New members of the board are elected each spring by Harvard degree holders (excluding officers of government or instruction at the University and members of the Corporation).