In keeping with other Livery Companies, the Worshipful Company of Management Consultants is governed by bodies known as Courts. The Court of Assistants consists of the Master, four Wardens and a number of Assistants, all of whom are members of the Company. The Court of Assistants elects the Master and Wardens.  The Court is responsible for policy, strategy and overall management of the Company and appoints a Clerk to manage its day-to-day affairs.  

A new Master is elected annually. Wardens are also elected annually, typically progressing through the roles of Fourth Warden, Third Warden, Second Warden and First Warden. Subject to the judgement of the Court, the First Warden may then be elected to the position of Master. These arrangements do much to ensure an advantageous combination of continuity of governance and vigour of leadership.