IEDI has a governing body of nine executive members representing the private and government sectors as well as management and environment specialists. The board comprises of the Minister of Industry chairperson along with the following members:
| Chair Person | Secretary (Industry), Ministry of Industry Commerce and Supplies |
| Member | Joint Secretary, Ministry of Industry Commerce and Supplies |
| Member | Joint Secretary, Ministry of Finance |
| Member | President, Federation of Nepal Chamber of Commerce and Industries (FNCCI) |
| Member | President, Federation of Nepalese Cottage and Small Industries (FNCSI) |
| Member | Management Expert (nominated by the Government of Nepal) |
| Member | Management Expert (nominated by the Government of Nepal) |
| Member | Entrepreneur from Private sector (nominated by the IEDI Board) |
| Member | Environment Expert (nominated by the IEDI Board) |
| Member Secretary | Executive Director, IEDI |