In keeping with provision 14th of the Royal Law Decree 5/1995, on June 16th, the managing bodies of Sociedad Estatal de Participaciones Industriales are the Chairman and the Board of Directors.
- SEPI's Chairman is also the Chairman of the Board of Directors. His appointment is made by the Government through a Royal Decree, at the proposal of the Second Vice President and Minister of Economics and Finance.
- SEPI's Board of Directors is made up, besides its Chairman, by the Vice President of this state-owned enterprise, who occupies the same post in the Board, by the Secretary of the Board and by 14 Members, who represent the Ministries of the Presidency, Economics and Finance, Defense, Public Works, Employment and Immigration, Science and Innovation and Industry, Tourism and Commerce.
- SEPI's Management Board is an executive body, on which the Board of Directors delegates certain activities which are included in the 'Norms which Regulate the Relationships between SEPI and its Enterprises'. The Chairman of the state-owned enterprise appoints the Members of the Management Board, and informs the Board of Directors about those appointments.
