As a legal institution for public welfare, the HIAC implements a leading legal person governance structure led by the Board of Directors. The Chairman of the first Board of Directors, Mr. Wang Xuelin is appointed by the People's Government of Hainan Province in current public servant. Other 11 Board member including Zhang Yuejiao, Huang Jin,  Liu Jingdong, Yin Tian, Wang Qi, Fu Qiongfeng, Johan Achiel Erauw (Belgium), Michael Hwang (Singapore), Benjamin Hughes (United States of America) and Fan Hoi Kit (Hong Kong) are appointed by People’s government of Hainan Province. The term is five years. The newly appointed Board Member, with high degree of internationalization and outstanding professional ability, are highly representative, authoritative and influential at home and abroad. Four of them are from outside China, accounting for one-third of the total members of the Board of Directors and are senior professionals in international commercial arbitration in Europe, America, Singapore, Hong Kong and other developed arbitration areas in the world. Four of them are from outside Hainan Province, and are eminent persons in the field of domestic and international commercial arbitration. Three of directors outside Hainan Province are members in the first batch of experts of the International Commercial Expert Committee of the Supreme People's Court, one is the leading figure in the field of international law in China, and one is awarded the title of "Reform Pioneer" by the CPC Central Committee and the State Council. Two are important representatives from the legal and academic field in Hainan Province.

The establishment of the First Board of Directors is an important achievement made by the HIAC in promoting the establishment for its Board of Directors with high standards and quality in accordance with the decisions and deployment of the Provincial Party Committee and the needs of the construction of Hainan FTP, with the principle of international, open, high-end and rational, and in reference to the advanced experience of well-known international and domestic arbitration institutions. The Board of Directors’ highly international and professional personnel structure as well as the corporate governance mechanism featuring balanced decision-making, execution and supervision can ensure that the arbitration credibility is guaranteed by systems.

The Board of Directors of the HIAC shall adhere to true to our original aspiration, and focus on the Modernization, Internationalization, Infomationazation and legalization, and strives to build into a benchmark and highland of arbitration reform in the new era, so as to better serve the construction of Hainan FTP and facilitate Hainan as a legal, convenient and international investment hub.