The International Cocoa Council is the highest decision-making body of the ICCO and is composed of all the contracting parties to the International Cocoa Agreement, 2010. It holds two regular sessions per year, and special sessions as required. Council sessions are attended by delegations of all cocoa producing and cocoa consuming Member countries.

The main function of the Council is to determine the strategy of the Organization in addition to supervising its financial policies and reviewing and approving its proposed work programme and budget for each cocoa year.

It is the body to which the different committees and working groups of the organization report.

In its decision-making process, the Council is assisted by different committees and working groups.

The Economics Committee was established, amongst others, to:

• Review cocoa statistics and statistical analyses of cocoa production;
• Examine analyses of market trends and other factors, with particular regard to cocoa supply and demand;
• Analyse information on market access for cocoa and cocoa products in producing and consuming countries;
• Examine and recommend to the Council projects for funding by donor agencies;
• Address issues regarding the economic dimension of sustainable development in the cocoa economy;
• Review the draft annual work programme of the Organization in cooperation with the Administration and Finance Committee as appropriate;
• Prepare international cocoa conferences and seminars at the request of the Council; and deal with any other matters as approved by the Council.

The Administration and Finance Committee:

• Supervises, on the basis of the budget presented by the Executive Director, the preparation of the draft administrative budget to be submitted to the Council;,
• Carries out any other administrative and financial tasks assigned by the Council

The Consultative Board on the World Cocoa Economy was inaugurated in December 2003 in order to encourage the active participation of experts from the private sector and civil society in the work of the Organization and to promote a continuous dialogue among experts from the public and private sectors.

Its role is that of an advisory body which advises the Council on issues of general and strategic interest to the cocoa sector.

The Expert Working Group on Stocks was created in 1989 to support the ICCO Secretariat in considering the challenges associated with assessing the level of world cocoa bean stocks.  It is composed of representatives and analysts from cocoa producing countries, industry and trade associations, cocoa processors and chocolate manufacturers.