The foundation is administrated and represented by its board. The board consists of 11 members. The term of office for a selected board member is three years at a time, the same member can selected only two times in a row. The member of the board must be a Finnish citizen and an expert at the foundation’s field of research. Also the board must consist of at least one incumbent professor of pharmaceutical sciences, incumbent professor of technical sciences and an incumbent professor of economics or business studies. To be selected as a board member the person selected can’t be over 67 years of age.
The board selects amongst its members the chairman of the board and the vice chairman for one year at a time.
The foundation also has an attorney appointed by the board.