The Compensation Fund Board meets a minimum of six times a year, during which claims against the Fund are reviewed and approved or rejected. Decisions made by the Board of Trustees can only be appealed before the Licence Appeal Tribunal (LAT).
The 2023-2024 Board of Trustees are:
| Name |
Position |
| Wennie Lee, Chair |
Public Representative |
| John Raymond, Vice Chair |
Public Representative, Dealer Solutions Mergers and Acquisitions (DSMA) |
| Paul Stock, Secretary/Treasurer |
Dealer Representative, Carloan IQ/AutoIQ |
| Matt Rispin, Past Chair |
Dealer Representative, North Toronto Auction |
| Curtis Biggs |
Dealer Representative, Mazda of Newmarket |
| George Nikolov |
Ministerial Appointee |
| Guy Vigliatore |
Dealer Representative, Scarboro Subaru |
| Julius Suraski |
Ministerial Appointee |
| Mary Ann Lamb |
Ministerial Appointee |