Governing boards play important roles in the future trajectory of the universities they govern. That boards should be focusing on strategy is understandable and we want them to take the long-term view. However, how to do it and do it in ways that add value is complicated. Too involved and boards risk micro-managing and getting ahead of leaders and the campus. Too distant and boards miss opportunities to lend real value. What is the right approach and how do boards find it? The work of boards encompasses three domains of work – oversight, problem-solving and strategy. It is this third area that most boards want to do more. This working paper outlines a series of steps university trustees can take to effectively and constructively engage in strategy and to partner with the president to advance the mission of the university in dynamic and uncertain times.