It is the supreme authority of INCAE Business School. It is made up of a Director from each member country, who in turn are the Presidents of the National Committees of said countries. Likewise, it has Directors without territorial affiliation, a President, a Vice President and the Rector. Its main functions include:
- Outline the general policy of the Institute.
- Approve, with the assistance of the Faculty, the Mission of the Institute and its long-term plans and strategies.
- Ensure the academic excellence of the Institute.
- Approve the different ranks of the academic ladder and the general conditions for the appointment, promotion and removal from the Faculty.
- Approve degree programs; and to ensure that all activities are consistent with the Mission and objectives of the Institute.
- Agree on the conferral of academic degrees to candidates who have satisfactorily completed the corresponding study programs.
- Grant honorary degrees and other distinctions.
Rector's Advisory Council
It is made up of leaders from Latin America and the United States, who provide external support, perspective, and ideas to the Institute to ensure that INCAE and its programs continue to reflect and respond to the critical issues facing the region.
The founding of INCAE in the 60s was led by an association of Central American businessmen, headed by Francisco de Sola. From this association the National Committees of INCAE were subsequently born, guiding and supporting bodies for the growth and development of the institution in each of the six founding countries. In 1982, Ecuador was incorporated as the seventh member country of INCAE.
Currently, the National Committees contribute to increasing INCAE's impact in each of the countries in which they serve, through:
- Representation of the feelings of each member country of INCAE, through the participation of its president in the Board of Directors.
- Advice on the relevance of INCAE programs to respond to the needs of each country.
- Identification of areas in which INCAE can support the development of a member country.
- Promotion of public interest in INCAE programs and activities.
- Support to the institution in the approach and involvement of its graduates.
- Accompaniment to the institution in the fundraising process.
INCAE maintains its National Committees in: Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua and Panama.