The governing body of the Association is the Board of Directors, which is responsible for establishing broad policies and for the general conduct of the affairs of the Association. The Board provides oversight and guidance for the future direction of the Association and directs the work of NASFAA's committees.

Following a Board-approved transition period ending in 2014-15, there are 21 members of the Board of Directors: Three officers (the National Chair, Chair-Elect, and Immediate Past National Chair) who serve one-year terms; six (6) Representatives-at-Large who serve two-year terms; six (6) Regional Representatives who serve one-year terms; the Treasurer, who serves a one-year term; three (3) non-voting Commission Directors who serve one-year terms; the President of the Association, who serves on the Board in a non-voting capacity; and the Secretary to the Board, who is selected by the president and also serves in a non-voting capacity.

Elected and Appointed Leadership

• The National Chair, National Chair-Elect, and Immediate Past National Chair are the elected officers of the Association. The National Chair-Elect must be elected by a majority vote of the institutional membership and must be an institutional member of NASFAA. (All are voting, the chair normally votes only in the case of a tie). Since 1966 NASFAA has been led by an illustrious group of past National Chairs.
• Six Regional Representatives, who must be institutional members of NASFAA, are selected from each recognized regional association (voting).
• Six National Representatives-At-Large, who must be institutional members of NASFAA, are elected by vote of the institutional membership without regard to geographical location (voting).
• The Treasurer is appointed by the National Chair each year and approved by the Board (voting).
• Up to four Commission Directors are appointed by the National Chair each year and approved by the Board of Directors (non-voting).
• The President is appointed and confirmed by the Board of Directors (non-voting).
• The Secretary is appointed by the President (non-voting).

Volunteer Leadership

One of our greatest resources is our volunteer leadership. Every year, over 150 members volunteer their expertise, influencing the development of NASFAA programs, products, and services. These volunteers carry out the goals of the Association's Strategic Long Range Plan and serve as authors, speakers, presenters, and more. Volunteers serve as committee chairs and members. Volunteers are typically employees of NASFAA member institutions, usually with committee or leadership experience at the state and regional levels, who are willing to share new ideas, demonstrate strategic and visionary thinking, and desire to contribute to the greater good of NASFAA.