In 1992, the Board of Governors of the California Community Colleges adopted a Student Equity Policy to ensure that groups historically underrepresented in higher education have an equal opportunity for access, success, and transfer. The Board amended that policy in 1996 to (1) establish the adoption of a student equity plan as a minimum standard for receipt of state funding; and (2) expand its focus beyond historically underrepresented groups in order to promote student success. This report is divided into five sections: (1) The Process of Developing Student Equity Plans--the Basics; (2) Campus Climate; (3) Research and Data Collection; (4) Student Equity and Institutional Finances; and (5) Success Components. The report also includes an introduction, conclusion, and recommendations. The Board identified five measurable student equity indicators: (1) access; (2) course completion; (3) degree and certificate completion; (4) ESL and basic skills completion; and (5) transfer rate. The Academic Senate endorses the recommendation of the Chancellor's Task Force on Equity and Diversity that the Board of Governors reinvigorate and reinforce the student equity planning process by requiring colleges to periodically reevaluate and revise their student equity plans. Contains 16 references. Student equity plan review procedures, instructions, and a sample student equity plan are appended. (Author/NB)