The operations of the Roads Fund Administration are directed by a non-executive Board of Directors (the Board) appointed by the Minister responsible for finance. The Board comprises of seven members. Two of these members are ex-officio members: The Secretary to Treasury (or his designated representative) and the Secretary for Economic Planning and Development (or his designated representative). One member represents the interest of the general public. The other four members represent designated institutions, namely:
- The financial institutions (currently the Bankers Association of Malawi);
- The Malawi Confederation of Chambers of Commerce and Industry (MCCCI);
- The National Local Government Finance Committee; and
- The fuel pricing authority (currently the Malawi Energy Regulatory Authority). The Board elects a Chairperson and Vice-Chairperson from amongst themselves. The ex-officio members or any member employed in the public service are however not eligible to be elected Chairperson or Vice-Chairperson of the Board. The Board adheres to high corporate governance standards. Good corporate governance principles have been observed by the Board, and a Board Charter is in place to guide the functioning of the Board. The Board has two board committees; the Administration committee and the Finance and Audit committee.
The Board has been instrumental in providing strategic direction and guidance to RFA management.