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
Halla Helgadóttir, designer, vice-chairman
Jóhannes Þórðarson, architect
Jón Ólafur Ólafsson, architect
Áslaug Friðriksdóttir, member of board of Reykjavík City.