The Board is composed of five members who are appointed by the City Council for three-year staggered terms. Members may not succeed themselves after having served two full terms without an intervening period of one year, and appointment for more than half of the unexpired portion of a term is considered as appointment for a full term. Any vacancy resulting from a cause other than expiration of term is filled only for the unexpired portion of the term. Members hold office until successors are appointed and qualified. The Chairperson is designated by the Council.

Special meetings of the Board may be called by the Chairperson. Notice shall be given verbally or in writing and delivered personally to each member or left at his residence not less than forty-eight hours prior to the time of the meeting; provided, that the minimum time period for notice to a member may be waived by such member is present at the special meeting.

The Board must also cause written notice of the special meeting, stating its general purpose, to be posted at the door of its meeting place, to be mailed or delivered to each news media, and/or person(s) who has filed a request for notice with the City Clerk's Office, at least forty-eight hours before the special meeting.

Profits from the sale of liquor are divided between the City of Greensboro and Guilford County on an 85%/15% basis.

Members of the Board serve without compensation.

No member of the Board or employee of the system may have any interest in, or be related to any person who has any interest in, any brewery, distillery, or business which distributes or sells alcoholic beverages in this state.