Due to changes from centralization to marketization, Taiwan's university governance must increase its effectiveness. The purpose of this paper was to introduce trends in and issues of Taiwan's university governance, describe university governance in the United States, and draw implications that Taiwan's university governance needs to learn from the United States. Literature review was employed to reach the purposes. It is found that Taiwan's university governance is struggling in heading for the balance of democracy and efficiency although most colleges and universities in Taiwan adopt the model of bicameral governance which is very prevalent in the United States. In order to solve this issue, Taiwan's university governance system needs to learn the following structure of bicameral governance which is popular in the United States and stated by Eileen Hogan: (1) a governing board which is responsible for the administrative and financial elements of the university, and (2) an academic senate or a university council with responsibility for academic matters of an educational/academic nature. In order to do so, Taiwan's university governance needs more communications and a legislative change. [This paper was published in the proceedings of the International Presidential Forum (pp. 179-187), Harbin Institute of Technology, Harbin, China, June 6.]