It will be the first important international football meeting to be held in London for decades and FIFA president Sepp Blatter will attend official functions at both Buckingham Palace and Downing Street.
Given that both Blatter and African Football leader Issa Hayatou are also International Olympic Committee members, the success of the weekend is also important for London's 2012 Olympic bid.
FIFA have also tabled a proposal that the number of substitutes in friendlies be restricted to five to stop what they call "farcical" games which "devalue football".
This is opposed by many top coaches, including England's Sven-Goran Eriksson, who has regularly used twice that number.
Given that any rule change needs the support of six of the Board's eight members - four of whom come from the British associations - there is a good chance that the idea will be quashed.
Another controversial issue is a plan to put the golden goal, which ends a match in extra-time immediately, into the laws of the game.
It would mean an end for UEFA's silver goal, which allows a team until the end of an extra-time half to equalise. But officials may not give a final ruling on this.
The Board are expected to give the go-ahead for international and major clubs games to be played on artificial pitches - the first time the surfaces have been recognised in the laws of the game.
They are also expected to agree to make it compulsory for yellow cards to be shown to players who take their shirts off during goal celebrations.
There is also a suggestion that any player who leaves the field for treatment should be forced to remain on the sidelines for two minutes. This would stop players faking injuries to waste time.
It is likely that the ground-breaking use in Belgium of a radio link between a manager and a goalkeeper will be discussed.
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