The ICDF shall have a Board of Directors consisting of between eleven and fifteen directors, of whom one shall serve as the Chairperson and all shall be selected and appointed by the premier of the Executive Yuan from among the following personnel:
(1) Minister of Foreign Affairs,
(2) Minister of Economic Affairs,
(3) One Minister without portfolio from the Executive Yuan,
(4) Governor of the Central Bank of the Republic of China (Taiwan),
(5) Minister of the Council of Agriculture of the Executive Yuan,
(6) Head of other concerned ministries or agencies, and
(7) Specialists, scholars, and representatives from national industrial and commercial groups, whose members shall constitute no less than one third of the Board.
Directors appointed pursuant to items 1 through 6 in the aforementioned paragraph may hold their position until they leave their qualification position. A director appointed pursuant to item 7 in the aforementioned paragraph shall have a three-year term and may be reappointed once. Directors shall be removed before the expiration of their term in the event that they resign, perish or become unable to perform their duties; a replacement may be appointed for the remaining duration of the term of a director who left.

The Board of Directors shall have the authority over and responsibility for the following:
(1) Approval of business plans,
(2) Examination and approval of all major projects,
(3) Management and use of funds,
(4) Examination and approval of budget and audit,
(5) Appointment and removal of key personnel, and
(6) Examination or approval of other important matters.

The ICDF shall have from three to five supervisors, one of whom will be the executive supervisor, to be appointed by the premier of the Executive Yuan, each for a three-year term. Supervisors may be reappointed upon the expiration of their term. They shall take charge of the examination and auditing of the funds and deposits, the monitoring of the financial conditions, and the inspection and examination of the audited statements and accounts.
The executive supervisors shall attend all Board of Directors meetings.

The ICDF shall have one secretary general and two or three deputy secretary generals nominated by the chairperson of the Board of Directors and appointed after receiving the approval of the Board of Directors.
The deputy secretary generals shall assist the secretary general, who shall be in charge of the overall business activities in accordance with the directives and under the supervision of the Board of Directors.

To obtain advice on important matters to the ICDF, a consultative committee may be established, consisting of between seven and eleven members. They shall be nominated by the chairman of the Board and consist of staff of concerned government agencies, specialists, and scholars. They shall also be subject to approval by the Board of Directors.