The Board of Governors for the Guildhall School contains elected members from the City of London, elected independent members drawn from relevant professions, elected members from the Guildhall School staff and the Student Union president. Responsibility for the day-to-day running of the School's affairs lies with the Principal who is assisted by the Directorate, a number of committees and a team of administrative staff.

The School's Teaching & Learning Board is responsibile for the quality and standards of teaching, assessment and research within the School and the School's academic reputation. Individual programmes of study are overseen by the Music Programme Board or the Drama Programme Board. Students are represented on all three of these Boards. The School's validation arrangement with City University is overseen by a Course Board comprising members from the School and City University.

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