The Foundation Board is the supreme body of the Guarantee Fund.
It is made up of three representatives of the employees, three representatives of the employers, two representatives of the public administration and one member who does not belong to any of these groupings. The Federal Council elects the representatives of the employees and employers acting on a proposal from the top-level organisations and the representatives of the public administration on a proposal by the Federal Department of the Interior. It elects the ninth member of the Foundation Board on a proposal made by the members who have already been elected (Art. 4 and 5 SFV).