Great governance is an effective and efficient process to develop policies that set the strategic directions for the healthcare enterprise, and then help assure that resources are assembled and allocated for the successful implementation of the plans, in compliance with the ethical and regulatory framework of the industry. Given the growing legal and political emphasis on governance, it is crucial that undergraduate and graduate health administration programs adequately prepare students in the fundamental aspects of governance. This paper will present the ten building blocks of effective governance as well as other theories and frameworks applicable to teaching governance in a healthcare management program.