The Foundation's Board consists of a Chair, Vice-Chair and up to four other Directors appointed by the Governor in Council; up to 18 additional Directors appointed by the Board after consultation with provincial governments and other interested outside parties; and, the President of the Foundation. The Chair and each of the Board Members is appointed for a term of three years, and may serve a maximum of three terms. The Board, which serves in a volunteer capacity, has ultimate responsibility for the Foundation's activities and meets at least twice a year.