The expanding pressures on the modern academic president today range from the ever-present demands for fund-raising, to calls for greater accountability and productivity, to proliferating special-interest groups, to steadily harsh criticism from inside and outside the academy. In this pressure-cooker environment, it takes a special kind of individual to lead a college or university successfully, and it takes a focused and functional governing board to select and support top-notch presidents. In this article, the author summarizes a report on new expectations for presidents, boards, and other campus stakeholders. Included are the panel's key recommendations to governing boards, presidents, state policymakers, and the Association of Governing Boards of Colleges and Universities.