The Board of Governors is the governing body of the University and may exercise in the name of the University any powers conferred on the University as a body corporate (and which are not reserved to Senate). The Board's powers include the power to:

• establish/maintain/abolish/change colleges (including affiliated/associated colleges), schools, institutes, faculties, departments, chairs and courses of instruction to enable the University to carry on its work*
  
• establish/abolish/change lectureships, bursaries, fellowships, and prizes*
  
• buy/receive/sell/mortgage/lease real and personal property
  
• decide what building construction is necessary for University purposes*
  
• appoint the president/vice-president/deans/directors/etc.. Determine their: salaries; powers/duties; tenure of office/employment; dismissal; and pensions/retiring allowances*
  
• set all fees and charges to be paid to the University
  
• ensure investment of University money (based on prudent person principles and taking into account any trust conditions)
  
• make regulations respecting and prohibiting parking or leaving of vehicles on campus
  
• permit/deny use by other organizations of: "university", "varsity", "Manitoba" (in institutions of learning), the university's coat of arms or crest
  
• establish budget policies* (the Board also approves the final budget)
  
• exercise disciplinary jurisdiction over students. Decide finally upon all matters of university policy. Settle questions respecting the powers/duties of convocation, senate, chancellor, president or any other officer/servant of the university
  
• provide for contacts with other organizations respecting joint instruction, or instruction/ examination of the other organization's students

* The Senate has the express power to make recommendations respecting these matters (and on any other matters which Senate considers to be of interest to the University).