The Board of Trustees of Yachay Tech is the highest authority of the University and was directly appointed on December 16, 2013 by the President of the Republic of Ecuador for a period of five years. Its function is to implement the University’s founding Philosophy and to safeguard and promote the international vision governing this research-intensive institution. Within Yachay Tech, the board members are responsible for developing policy that is implemented on campus by the Rector and the Chancellor, through broadly based consultative procedures. The board is also ultimately responsible for selecting the University’s Rector and Chancellor and ratifying the hiring of all other Higher University Authorities. It also ratifies all academic appointments, promotions following recommendations by the higher administration and oversees all external Corporate and philanthropic fundraising activities as well as international research and educational agreements.