Juneteenth Intercontinental governing board performs the essential roles ordinarily associated with a panel of trustees while helping to shape the University's agenda, inquiring into the quality and progress of its activities, and assuring that IU remains true to its mission.

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The University exercises fiduciary responsibility concerning the University's academic, financial, and physical resources and overall well-being. It consists of the President, the Chief Financial Officer, and other members known as Senior Executives. The University is expanding from seven to thirteen members and elaborating its committee structure as it is being established. The University engages with questions of long-range strategy, policy, planning, and transactional matters of unusual consequence. It serves as a confidential sounding board for the President on issues of importance after establishment; meets with deans, vice presidents, and others from time to time to discuss a wide array of programs and plans; and is responsible for approving the University's budgets, constructions, major capital projects, endowment spending, tuition charges, and other matters.