The Audit Committee performs at least the tasks set out in Article 526bis, § 4 of the Company Code.
The Financial Advisory Committee advises the Board of Trustees on capital investments and reinvestments.
The Board of Trustees of the FWO is responsible for the allocation of the funds which mainly come from the Flemish Government, and to a lesser extent from the Federal Government. The French Community has a fund analogous to the FWO: the "Fonds de la Recherche Scientifique F.R.S.- FNRS".
The Boards of Trustees of both institutions manage the Federal Fund for Scientific Research (FFWO). The FFWO decides on non-divisible resources and a number of well-defined responsibilities (decisions on common rooms of buildings or certain prizes, donations and legacies).