The literature on higher education policy and governance has increased since the late 1980s, possibly in response to campuses' questioning of their traditional missions and processes, and focuses on five main areas: financial issues; assessment; accreditation and standards, especially for new forms of teaching and learning; nondiscrimination policies, particularly against racism and homophobia; and changing faculty roles, productivity, and tenure. Themes embedded within these areas include issues of public trust and accountability and accommodation of new environments and new students. An overview by Morsy and Altbach, "Higher Education in International Perspective: Critical Issues," provides insights for those trying to understand current policy issues at the macro level. The literature on governance, which tends to overlap the literature on policy, contains three common themes: the activism of boards and trustees, restructuring, and participatory governance. Lacking in the literature is research on quality in higher education, diversity as it relates to governance, and the impact of state policy on governance. (Contains 48 references.) (JM)