This study applies the structure and operations of private universities' board to analyze the establishment of the structure and operating mechanism for the private universities boards as well as the relevance with school performance. The analysis of board forms shows that the numbers of educational experts and corporate experts in the sample schools are compatible while the number of educational experts is higher than that of corporate experts. The number of meetings for board operations and the indicators for different school performance also appear in negative relationship, indicating that the more meetings does not necessarily imply better school performance.