MGIP is governed through a structured industry working group that reflects the completeness of Malaysia's gold ecosystem, comprising representatives from relevant government agencies, regulators, and key stakeholders across the gold value chain. This includes participants from upstream to downstream segments of the industry, encompassing mining, refining, assaying, trading, wholesaling, retailing, pawnbroking, financial services, and supporting institutions.

Supported by independent institutional expertise, this governance structure ensures credibility, transparency, and balanced representation, while safeguarding the integrity and independence of the framework. The MGIP Working Group oversees the development, consultation, approval, and future review of the MGIP Code of Conduct, ensuring that the framework remains robust, inclusive, and aligned with both national priorities and international best practices.