The Board work under the Corporations Act 2001, overseeing strategy, business performance and compliance; and must act in the best interests of Qudos Bank at all times. All Directors are personally liable under the Act for the actions and decisions of the Company.
The Board is required to stay up to date on the performance of Qudos Bank, the banking industry and banking regulations. Directors are continually researching and attending conferences to stay up to date with industry and legislation. In addition to the full board meeting which is conducted monthly, many Board members also serve on committees, bringing expertise to specialised areas such as Risk and Compliance, Audit Committee, Technology Committee and more.