This study aimed to determine the structural relationships of corporate governance in accredited universities since its evaluation is unexplored and multiple parameters and indicators gravitate around its polysemic concept, generating dissent in the criteria for its measurement. Furthermore, no reports were found that the most recurrent constructs that comprise its structure have been studied simultaneously on a measurement scale through structural equations, using partial least squares as a reflection model. The novelty lies in structuring a model in which the measures represent the effects of corporate governance as a primary construct, with variables theoretically underpinned by the new institutionalism, stakeholders, and resource-based view. Methodologically, deductive reasoning was used through the necessary theoretical considerations and metrics using SmartPLS software version 4.1.0.9. The validated hypotheses state that governance in accredited universities can be assessed through four constructs: administrative process, university autonomy, stakeholders, and accountability system.