The Board of Governors is the apex statutory body of IBCC and exercises the following powers and functions:
- exercise general supervision over affairs of IBCC, including administrative, secretarial, financial, accounts, and budgetary matters. Investment of savings of IBCC in accordance with the defined policy of the Government and as amended from time to time;
- adopt agreed resolutions by the IBCC forum, provided such resolutions shall not be contrary to the provisions of this Act and legal instruments of member organizations or provisions of the Constitution of the Islamic Republic of Pakistan;
- create, abolish, re-designate, down-grade or upgrade any post along with incumbents in view of the need of IBCC and to approve the appointment and promotion of employees from BPS-17 and above as recommended by the IBCC secretariat, assure legitimate service interests, career growth protection, and pensionary benefits of the employees as per their entitlement in accordance with Government policy;
- pass or allow internal budget from earned sources of IBCC and ratify expenditures incurred with the approval or sanction of executive director IBCC or someone authorized on that behalf, which may be placed before the BoG annually; and
- constitute such committees as may be required to address or determine any issue relating to administrative or financial and academic matters with assigning terms of reference to be carried out. The recommendations of administrative or financial issues shall finally be resolved by BoG and academic matters by the IBCC Forum.
For the purposes of the IBCC Act 2023, the Executive Director IBCC shall perform his functions as principal administrative and accounts officer in such manner as may be prescribed.
