Board members also asked officials at their bimonthly meeting to assemble data from the past three to five years to use as a benchmark to track UNC's progress.
The "measures of excellence" are an extensive list of standards meant to capture the qualities of a large research university, said Provost Robert Shelton, who gave the presentation to the board.
"It is our own internal scorecard," he said.
UNC's Office of Institutional Research will measure these criteria annually to allow administrators to more effectively compare UNC with peer institutions, such as the University of California-Berkeley and the University of Michigan.
Although many rating systems, such as that of U.S. News & World Report, already exist, UNC is organizing a drive to develop more inclusive standards that will convey the distinctness of the University as it strives to be the leading public university in the nation.
The measures first were presented to the board at its September meeting, where members engaged in an exhaustive debate about which were the most important criteria.
After the meeting, Shelton took that feedback and developed the revised list, which was presented to the board Thursday.
The new measures are broken down into nine categories: undergraduate education, graduate and professional education, intellectual capital for faculty, intellectual capital of research, staff development and performance, engagement and public service, internationalization, finance and facilities, and athletics.
The previous report had six broader categories, many of which were expanded into two areas. Other categories, such as athletics, are completely new.