Public pensions have been challenged by a low-rate environment and increasing obligations for more than a decade now. To produce high yields and manage risk effectively, board trustees and investment staff must be thoroughly aligned and execute a well-coordinated strategy. How has "good governance" for public pensions evolved in recent years? What best practices have we learned that helps boards and investment teams help each other succeed? What lessons can American public pensions learn from peers around the world? What can boards and investors do together to maximize returns, uphold fiduciary obligations, and achieve other long-term goals?