In December 2006, dons at Oxford University caused turmoil by rejecting a set of governance reforms that were championed by their own vice-chancellor. This book is a response to these events, addressed in large part to Oxford's funders - government and benefactors - and is useful reading for those with an interest in the future of this university. Sir Anthony Kenny was formerly Master of Balliol College, Oxford, and president of the British Academy. He is the author of many books on philosophy and over 40 years has held almost every kind of post in Oxford from graduate student to pro-vice-chancellor. Robert Kenny is managing director of a consulting firm.