The Board of Directors manages and administers the Association on behalf of the members, adopting all measures necessary to ensure its prestige and development. It is composed of nine members (Directors), two of whom must be under 41 years of age, calculated as of the date on which the appointing Assembly is held.

The Directors are appointed by the Assembly, serve a four-year term, and may be re-elected for only one additional term after at least eight years have elapsed since their first appointment.

From among its members, the Board of Directors appoints the President—who serves a three-year term and holds the power to represent the Association before third parties and in legal proceedings, as well as signing authority—and the Vice President. The Secretary, appointed by the Board of Directors upon proposal of the President from among the members, serves a three-year term and may be confirmed for only one additional term, even if non-consecutive.