The Board of Directors is the governing authority of MIT and is responsible for overseeing the higher education operations and the general direction and superintendence of the Institute. The board includes a majority of independent members along with representatives of the owners of the company and the executive management. External and internal members play a significant role in the Board with the external members bringing expertise and experience not represented in MIT which is balanced by the internal members who are the key internal stakeholders who where the people who brought MIT to the position it is today. In total the Board ensures that MIT fulfills its responsibilities as detailed in its Vision and Goals in addition to ensuring that MIT continues to meet its obligations and responsibilities as a higher education provider.

Standing committees of the Board have been established to provide the Board with advice and recommendations or to exercise specific powers delegated to them by the board.