ASAʼs Board of Governors manages all properties and monies of the Society and has full responsibility and authority to act within the Constitution, Bylaws and Administrative Rules-Board Procedure Manual, the Societyʼs Articles of Incorporation, and the laws of the State of Delaware. As necessary, the Board of Governors may amend the Bylaws and Administrative Rules-Board Procedure Manual, Society Policies, and Delegations of Authority as may be beneficial to the Society. The business affairs of the Society are managed by ASAʼs Chief Executive Officer (CEO) and the Society's staff subject to the authority of the Board of Governors, and in accordance with documents and governing bodies mentioned above. ASA maintains a headquarters office in Herndon, Virginia.
The Board of Governors consists of the elected International Officers (President, Vice President and Secretary/Treasurer), and the Immediate Past President, five (5) elected Region Governors (representing the five (5) geographic
regions of the Society), six (6) elected Discipline Governors—one (1) from each of the following disciplines: Appraisal Review & Management, Business Valuation, Gems & Jewelry, Machinery & Technical Specialties, Personal Property and Real Property and the Executive Vice President/Chief Executive Officer who serves as ex-officio.
Accredited Members, Accredited Senior Appraisers, Fellows and Life Members have full voting privileges on all matters coming before the Society. Candidates may vote only in international, discipline and chapter officer elections and on matters of regional, national and international concern. Candidates may not vote for any changes to valuation standards, advancement requirements, or changes to ASA's Constitution.