The structure of the CRFC is such that allows for accountable and transparent decision-making while allowing for input from all stakeholders. Those who are making the decisions must not have any affiliation with any potential funding recipient and therefore can avoid any conflict of interest, while the recipients still have the opportunity to nominate and vote on board members and review annual reports and other business. With respect to director terms and elections, the CRFC uses a rotating-board system to ensure continuity.

Members: Every community-oriented radio station (as designated by their licence) or representative association is eligible to be a member of the Fund. These members attend the Annual General Meeting (AGM), receive/vote on annual reports, and elect directors for the board. Members do not manage the corporation. Stations or associations do not need to be members in order to apply for or receive funding. Members who are not able to attend the AGM in person can participate by proxy.

Directors: The Board of Directors is comprised of both regular and ex officio directors. No regular director can be a director, officer, employee, or active volunteer with any campus or community station or association. Directors serve without remuneration.

• Regular directors: There are five to nine regular voting directors who are nominated and/or elected by the board and membership. They specialize in such areas as governance, accounting, fundraising, communications, law, broadcasting, culture, and CRTC and Industry Canada matters. Among other standard board responsibilities, they ensure effective management of the Fund, create policies and practices regarding fund distribution, board elections, and program management.
• Ex officio directors (community radio associations): Each representative community radio association appoints one representative (primarily the executive director) as an ex officio director. These non-voting positions are intended to offer expertise and advice with respect to matters concerning community radio broadcasting. These ex officio directors do not participate in decisions regarding the distribution of funding.

• September 30, 2008 in Ottawa: AGM Minutes, Development Consultant Report and appendices, Financial Report
• November 26, 2009 in Ottawa: AGM Minutes, Annual Report (includes Financial Report and Audit), Budget