We are at the beginning of the globalisation of the higher education sector. Universities wield exceptional power and influence, and with that comes responsibility — the transfer of knowledge and the deliverance of education and research into society. A university education remains an empowering experience that affords vast opportunities for individuals to expand their knowledge and provides them with a solid foundation on which to base a successful career and contribute back to society. As the global pace of change accelerates, so the higher education sector is also undergoing a fundamental transformation in terms of its role in society, mode of operation, global relevance and value perception. Today we are witnessing the emergence of elite, truly global university brands. Balancing private sector entrepreneurship with public accountability is becoming critical for all.