The management, administration and control of the property, revenue, business and affairs of the university are vested in the Board. The UFV Board is composed of 15 members who meet several times a year, typically on Thursdays. Members do not receive any remuneration for their services; however, they may be reimbursed for out-of-pocket expenses incurred while fulfilling their duties.
The Board's priorities are mandated by the BC Ministry of Advanced Education and Skills Training, and are described in the Ministry Mandate Letter.