ACFID Council delegates the management and conduct of the financial and general affairs of ACFID, other than matters reserved for Council in its Constitution, to its Board which is elected by ACFID members. The 12 member ACFID Board comprises a President, a Vice President (Finance), two Vice Presidents and eight ordinary members. Board members serve two-year terms and are eligible for reappointment, except for the President who may only serve a maximum of two, two-year terms.

The roles and responsibilities of the ACFID Board are described in Section 7.7 of the ACFID Constitution and in the ACFID Governance Charter.