Members of the University Council are:

• Jón Atli Benediktsson, Professor at the Faculty of Electrical and Computer Engineering and Rector of UI, chair
• Ásthildur Margrét Othardsóttir, Consultant and Chair of the Board of Directors of Marel hf, representative nominated by the University Council.
• Eiríkur Rögnvaldsson, Professor of Icelandic Language and Linguistics, UI School of Humanities, representative of University community, and vice-chair of the Council.
• Erna Hauksdóttir, former Director of the Icelandic Travel Industry Association (SAF), representative of the Minister of Education, Science and Culture.
• Guðrún Geirsdóttir, Associate Professor at the Faculty of Teacher Education, School of Education, and Faculty Administrative Officer of the Centre for Teaching and Learning, representative of the University community.
• Orri Hauksson, CEO of Síminn.
• Ragna Árnadóttir, Deputy CEO of the National Power Company of Iceland, nominated by the University Council.
• Ragna Sigurðardóttir, Medical Student, representative of the student body.
• Stefán Hrafn Jónsson, Associate Professor of the Faculty of Social and Human Science, UI School of Social Science, representative of the University community.
• Tómas Þorvaldsson, Partner and Attorney at law of Vík Law Firm, nominated by the University Council.
• Þengill Björnsson, engineering student, representative of the student body.

University Council Secretary is Magnús Diðrik Baldursson, Director of the Rector's office

Deputy members:

• Amalía Björnsdóttir Professor at the Faculty of Teacher Education, School of Education (for Eiríkur Rögnvaldsson).
• Borgar Þór Einarsson, Lawyer (for Orri Hauksson).
• Eyrún Fríða Árnadóttir, student at the Faculty of Education Studies (for Þengill Björnsson).
• Ingibjörg Gunnarsdóttir, Professor at the Faculty of Food Science and Nutrition, School of Health Sciences (for Guðrún Gestsdóttir).
• María Rut Kristinsdóttir, Specialist at the Ministry of the Interior (for Erna Hauksdóttir)
• Rúnar Unnþórsson, Associate Professor at the Faculty of Industrial Engineering, Mechanical Engineering and Computer Science, School of Engineering and Natural Sciences (for Stefán Hrafn Jónsson).
• Svanhildur Konráðsdóttir, Director of Culture and Tourism - City of Reykjavík (for Ásthildur Margrét Otharsdóttir, Ragna Árnadóttir and Tómas Þorvaldsson).
• Tryggvi Másson, student in Business Administration (for Ragna Sigurðardóttir).