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This paper analyzes how university governance in Indonesia is perceived by its faculty members in its efforts towards university accountability along with the growing autonomy. In order to meet with the growing demands among different stakeholders’ needs, universities are to assure good university governance be implemented. Data were taken from perceptions questionnaires and employed content analysis with university official documents for triangulation. Findings suggests that principles of transparency, clear measurable job descriptions, and key performance indicators, with IT support are important to assure university governance. However, it is found that job overlaps still occur as this bureaucratic model is managed not fully by professionals, but by faculty as they are mainly demanded to do teaching, research, and community service simultaneously.