The management bodies of AO Vologda Region Development Corporation are the General Meeting of Shareholders, General Director. The highest management body is the General Meeting of Shareholders.
On 2 July 2012 the Regulation establishing the collegial public advisory body Expert Council was approved. The purpose of its activity is to support the Corporation in the region's investment policy realization by establishing the list of priority regional investment projects. Besides the General Director and the Shareholders Representative the Expert Council includes:
- Representatives of the Vologda Region Government;
- Representative of NORTH CREDIT BANK (OAO);
- Representatives of the Vologda Region Legislative Assembly;
- Representatives of the Vologda Region Public Chamber and the Council of the Vologda Region Municipalities.
The legislative and public control for VRDC activity is implemented not only by the Expert Council, but also by the Chamber of Control and Accounts, the Audit Commission and the Auditor.