The Academy board is the highest decision-making body and oversees all issues pertaining to general school operations. It serves to protect the interests of the Academy and ensure that it operates according to the set objectives. The board is responsible for the administration, finances and property of the institution, determines the tuition fees and appoints the rector.

The Academy board:

Magnús Ragnarsson, Marketing director at Síminn, chairman
Guðrún Björk Bjarnadóttir, 
Ólafur Sveinn Gíslanson, 
Sigrún Lilja Guðbjartsdóttir, 
Karen María Jónsdóttir, 

Alternate member
Þuríður Jónsdóttir,