An election for members of the IACN's board takes place at the annual meeting and members are elected for a period of one year. The board consists of five members and five alternatives. The board is appointed as following:

1) one representative from the University of Akureyri and its cooperative institutions;
2) three representatives from other public institutions;
3) one representative of private parties and others that do not fit categories 1 or 2;
4) deputies.

Current Board members:

Pétur Ásgeirsson SAO for Iceland Director of Arctic Affairs	Brynhildur Davíðsdóttir Professor, University of Iceland Representative of public institutions	Ásthildur Sturludóttir Mayor of Akureyri	Eyjólfur Guðmundsson Rector University of Akureyri	Katrín Björg Ríkarðsdóttir Director Directorate of Equality	Þorsteinn Gunnarsson Former Head of Division, Rannís Former rector of University of Akureyri
Susan Christianen TTO Iceland Business Development Manager	Egill Thor Níelsson Rannís Senior Adviser