The Gloucestershire Warwickshire Steam Railway plc (GWSR) operates the railway, which is owned by its shareholders. All the working staff of the railway report to the GWSR, and are all unpaid volunteers who must in addition be current members of the GWRT.
The day-to-day operations of the plc and the Trust are in the hands of boards of directors that are elected by their respective members (or shareholders). Coordination is facilitated by having some directors who sit on both boards. The management team at the GWSR sets the strategic goals for the railway, and directs the activities of the volunteer workforce.