The purpose of the Board shall be to advise the Governor on ways to improve economic and cultural links between the Commonwealth and Asian nations, with a focus on the areas of commerce and trade, art and education, and general government; as well as issues affecting the Asian community in the Commonwealth.

The Virginia Asian Advisory Board meets four times a year to discuss issues facing the Asian community in Virginia and develops an annual report to the Governor articulating their recommendations on matters such as business, trade, education and health.

The Board consists of twenty-one members appointed by the Governor: eighteen citizen members who shall represent business, education, the arts and government, at least eleven of whom shall be of Asian descent.  Citizen members shall serve for a four-year term.