As provided for by the Act, the Authority discharges its functions and exercises its powers through a company specifically designated for that purpose by the Minister for Jobs, Enterprise & Innovation. The Authority is governed by a Board of nine* directors, one of whom is the Chief Executive. The Act further provides that a maximum of four of these may be members of a prescribed accountancy body.
* The number of directors was reduced from 15 to nine on the commencement of the Companies Act 2014. Directors who were appointed prior to 1 June 2015 retain their Board membership until the expiry of their respective warrants of appointment.