Waterfall College is a section 21 company, not for profit, and is overseen by a Directorate team, who are charged with formulating policy and furthering the school's mission and directing strategic thinking and support to the Heads of School.

The school is a tenant of the organisation which owns the land, bought by the organisation for the purposes of building a full educational pathway on one campus.

The Directorate comprises a Chairman, Deputy Chairman, and various chairs of sub-committees. The various sub-committees meet regularly and assist the Board and Heads in managing the school and providing guidance and wisdom when necessary.

No team members (save for the management employed by the school) or trustees of the directorate receive remuneration of any nature from the school or any related entity, and serve on an entirely voluntary basis.

Director Team: DR van den Heever (AEP (Unisa) SBL), GR Simpkins (B Com. Dip Acc. AEP (Unisa), A Gibb (CA/SA), JC van der Merwe (B.Sc. HDE)