The paper presents in brief the need and importance of effective, imaginative and responsible governing boards in colleges and universities, so as to ensure educational quality. BOG should engage fruitfully with the principal and activities in college/ university. UGC, AICTE have now prescribed creation of effective boards for both government and private colleges and out lined their functions, duties and responsibilities [NPIU 2012]. Quality of education in colleges is observed to be as good as the imagination and engagement of board. Discussions are made on the role and responsibility of boards for effective governance. Conclusions are drawn so as to make colleges and universities world class.