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The governing body of the Institute is the Council, consisting of up to 16 Elected members, each serving three year terms up to a maximum of nine years. All elected Council members are trustees of IIRSM.

Supporting the work of Council is a range of standing committees and sub-committees.

Council meets quarterly and applications from members wishing to join must be received by the Chief Executive, in the form of a CV and covering letter, no later than 30 June each year.

Council retain the right to co-opt individuals with specific skills on to Council for a limited period.

A Register of Interests of Council members and senior staff is available for inspection at the IIRSM office address.