Two policy statements of the American Association of State Colleges and Universities regarding the employment and roles of college presidents are presented. In "Guidelines for Conditions of Employment for College and University Presidents," attention is directed to contractual considerations, ethical considerations of college and university presidents, guidelines for evaluating the leadership of presidents, and opportunity for personal/professional renewal. Contracts need to include, among other provisions: a description of the nature and scope of authority and responsibility of the president; stipulations of the length of the contract and provisions for renewal of the appointment; and method of acquiring professorship. Ethical considerations include: the president's responsibility for educational leadership and stewardship, which transcends concern for personal, economic, and social rewards; and the president's role in keeping the institution's constituencies fully and honestly informed on matters of public concern. In "Responsibilities and Rights of College Presidents," the chief executive officer's leadership role and concomitant rights are outlined, as are the governing board's authority. The president is responsible for recommending broad policies and personnel to the board and for implementing those policies approved by the board. Specific responsibilities include: the direction of current and long-range planning; the operation of an administrative organization, governance structure, and personnel system; and implementing a process for securing necessary resources. Rights of the president include: having direct access to governing board or appropriate authority; making recommendations to the board; and being free from personal liability in the execution of duties. (SW)