Representatives of Member States constitute a Policy Steering Group. Every contracting party is represented in this Steering Group with one seat. The chair of the Steering Group is held in rotation by each of the contracting parties.

The Steering Group meets as often as required, usually twice a year. The Steering Group exercises general supervision of ICMPD, appoints the Director General, approves the annual report of the Director General, the budget and annual accounts, the working programme, the agreements with states and governmental bodies, supports ICMPD in its political contacts, advises the Director General on substantial matters, nominates the members of the Advisory Body and advises and decides on the admission of further parties. The Steering Group also is a platform where Member States discuss migration related issues of joint interest and concern.