Shree Gokarnanatheshwara College is governed and managed by a charitable trust – Shree Venkatesha Shiva Bhakthi Yoga Sangha, Karnataka Societies Act. The governing body believes in transforming the downtrodden section of the society into strong and self reliant cittizens through the bond of unity and the universal message of Brahma Shree Narayana Guru 'Educate to be free organize to be strong'.
The governace of the institution is goverened by the rules and regulations framed by Shree Venkatesha Shiva Bhakthi Yoga Sangha, Karnataka Societies Act. The college has a set ob members who form the core of the college governing council.

Following are the list of college governing council members:

PRESIDENT: SRI DHREEJ AMIN
CORRESPONDENT: SRI VASANTH KARANDOOR
MEMBER: SRI M SHEKAR POOJARY.
MEMBER: SRI K PRAVVEN KUMAR
MEMBER: SRI ARUN KUMAR
MEMBER: SRI PADMANABHA KOTIAN
MEMBER: SRI B VIJAYA
MEMBER: SRI. B. DAYANANDA
EX. OFFICIO MEMBER: SRI. S. JAYAVIKRAM
EX. OFFICIO MEMBER: DR ASHALATHA S SUVARNA
MEMBER: DR UMMAPPA POOJARY