This report was commissioned by the Waterloo Undergraduate Students’ Association (WUSA). WUSA is currently undergoing a period of review and transition in response to identified longstanding governance challenges. This review is the third governance review commissioned by WUSA in the last seven years following a full governance review in 2014, and a limited 2020 review that did not consider governance systems. Recently, several student associations across the country have faced significant challenges due to high-profile incidents of improper governance. Further, the Government of Ontario’s Student Choice Initiative, struck down by the courts, cast a spotlight on the governance of student associations.