Five Colleges is governed by a board of directors whose members are the presidents of the five institutions, the chancellor of the Amherst campus of the University, the president of the University of Massachusetts System, and the executive director of Five Colleges. The directors meet monthly to oversee consortial policy, management, and finances.

2008-2009
Anthony W. Marx, President, Amherst College

Ralph J. Hexter, President, Hampshire College

Joanne V.Creighton, President, Mount Holyoke College

Carol Tecla Christ, President Smith College and President, Five Colleges, Incorporated

Robert C. Holub, Chancellor, University of Massachusetts Amherst

Jack Wilson, President, University of Massachusetts System

Lorna M. Peterson, Executive Director, Five Colleges, Incorporated

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