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. This is balanced by the presence of internal members who are the key internal stakeholders and these individuals where responsible for bringing MIT to the position it is today. In total, the Board ensures that MIT fulfills its responsibilities as detailed in its Vision and Goals statements, in addition to ensuring that MIT continues to meet its obligations and responsibilities as an Institute of higher education.
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.