As a participatory, privately managed fund, the MAR Fund Board is comprised of international collaborators, experts, and the in-country funds from each of the Mesoamerican Reef countries. The four funds have permanent representation on the Board of Directors. In addition, the Board has a representative of the regional Central American Commission on Environment and Development (CCAD), notable conservation experts from each participating country, and up to seven representatives from the international community. To ensure the highest possible performance and sound decision making, staff and Board are advised by five committees: Governance, Investment, Audit, Grants and Evaluation, and Development.
The MAR Fund derives its management capacity from the existing technical, administrative, and financial capabilities of the four funds. It thus builds on existing regional structures looking for the most efficient and effective deployment of programs and funds. A lean organization by conception, the MAR Fund is run by an Executive Director (ED) supported by a Strategic Advisor, as well as Technical and an Administrative Areas. Accounting is outsourced.