Ever since the 1980s, university governance has been the focus of higher education reform in many countries. Compared to the obstacles faced in Taiwan’s university governance reform, the four major university governance models including the U.S., U.K., France and Germany model have all made considerable progress. Among the four models, Taiwan is quite close to French model, both featured by centralized state control. Although challenged by the need to seek a dynamic equilibrium between state and market, equality and efficiency, France speeded up governance reform, including restructuring of the Council of Administration, the strengthening the role of the presidents, and decentralization of personnel/financial control. The article first deals with the French tradition of university governance, followed by an analysis of the background of French reform and, against the backdrop, discuss the major reforms since 1980s and their implications for Taiwan.