Joel Walsham, who spoke against the motion in the meeting, was ecstatic with the result of the vote.
"I'm very happy that the board retained the confidence of our community," Walsham said.
"I think they've made a very bold, a no doubt difficult decision and I'm really happy that what we showed is that our community is a lot broader than a lot of people that have had power in this community for a long time."
Anthony Russell bought the motion forward and said it was disheartening to have it rejected.
"It is disappointing, in simple reality it is, but the fact is the membership voted."
Several companies and sponsors stopped their support and said they wouldn't participate in the event following the controversial decision.
Tonight's meeting was held to vote on a motion of no confidence in the board amid fallout from the ongoing controversy.
But even if the vote of no confidence had passed, the board would not necessarily have been forced to step down.
An article on gayexpress.co.nz says the Pride Board doesn't have to step down.
"The Auckland Pride Board have commissioned a legal opinion that says under the current constitution, the board does not have to resign even if a no-confidence motion is carried at tonight's SGM.
"The legal opinion was commissioned by the current board and written by the same person who is facilitating tonight's meeting.
"Mark Von Dadelszen has concluded in his report that under the current Auckland Pride constitution, the board will not have to resign in the event of a no-confidence motion, effectively rendering the purpose of tonight's SGM pointless."