This paper proposes an extension of the concept of organizational actorhood. This concept is very useful to understand contemporary higher education institutions, but it pictures these organizations as relatively passive, subject to normative pressures. The conceptualization lacks attention to dynamic agency of higher education institution. Using notions of accountability, legitimacy and identity, a reconceptualization is proposed. That reconceptualization stresses the agentic potential of higher education institutions to pro-actively test the boundaries of legitimacy and accountability and its capacity to continuously (re)negotiate its position in institutional contexts. Suggestions are offered for further research.