The Master is responsible for the governance of the Company, supported and assisted by the Senior Warden and the Junior Warden. The Master and the Wardens are elected at a Court meeting held in July and installed at a Court meeting held in October. The Master and Wardens each hold office for one year.

The Court comprises the Master and Wardens and at least ten Assistants who are all Liverymen, five of whom are those who have been Master of the Company during the previous five years. The Court appoints separate committees to consider finance, education and membership and a Clerk to manage the day-to-day administration of the Company.

The Master, the Wardens and Clerk meet regularly to discuss the Company’s business, and the Court meets four times a year. An Assembly of all Liverymen meets once a year, usually in October. The Trustees of the Charitable Trust meet four times a year.