Chairman Paul Little, in a statement issued by the club, said the board resolved to retain its existing football structure "in the immediate term".
Little said there were several complex matters of significance currently in progress, including Hird's Federal Court appeal and the expected re-issuing of show-cause notices by ASADA.
"As such, the Board believes it would be potentially reckless to make any decisions of significance until there is further clarity on these crucial matters," Little said.
"The Board recognises the rights of James to pursue his appeal of the recent Federal Court decision.
"James remains senior coach of the Essendon Football Club and will work closely with other members of the Football Department during this particularly important trade and planning period in preparation for the 2015 season.
"The Board has set no timeframe on further considering these matters, however, will monitor developments as they occur."