The Board of Governors of Exhibition Place (the "Board") was originally established in 1983 under the Municipality of Metropolitan Toronto Act and is continued as a board of the City of Toronto under subsection 407 (1) of the City of Toronto Act, 2006. The Board is a body Corporate and an agent of the City.

The Board consists of nine members appointed by City Council including the Mayor or designate, 4 Members of Council, and 4 public members recruited in accordance with the City's Public Appointments Policy.