QIC has a nationally respected independent Board of Directors. The current Board consists of non-executive Directors including the Chairman. The Chief Executive is not a member of the Board.

The Board oversees the affairs of QIC and sets the framework for the organisation's long-term success. It assumes overall responsibility for corporate governance and has established systems to monitor compliance with policies, relevant legislation and standards of ethical behaviour. The performance of QIC, its management and staff, are monitored both directly by the Board and through its Board committees: the Audit and Risk Management Committee, the Staff Committee and the Product Development Committee.

Trevor C Rowe AM FCIS, FAICD CPA

Chairman (non-executive) appointed 18 October 2001.

Chairmanships: Rothschild Australia Limited; Gotalk Limited; Enhance Management Pty Ltd; Queensland BioCapital Funds Pty Ltd; QIC Retail Pty Ltd; QIC Private Capital Pty Ltd; United Group Limited; Careers Australia Group Pty Limited.

Directorships: Australian Securities Exchange Limited; Member of the Board of Guardians of the Future Fund of Australia.

Other appointments: Chancellor Bond University; Chairman RSPCA; Queensland Building Funds; Member of Commonwealth of Australia Foreign Affairs Council; Member of the Friends of the Royal Flying Doctor Service(South Eastern Section).

QIC Committees: Member of the Human Resources and the Product Development Committee.

Age: 64.

Ken D MacDonald BA(Hons), LLB(Hons), FAICD

Deputy Chairman (non-executive) since 1991 (first appointed to the Investments Board in 1989).

Queensland Practice Director and Board Member of Allens Arthur Robinson; Former Board Member and Executive Partner of the Energy, Resources and Infrastructure Department of Allens Arthur Robinson; .

Directorships: Q Invest Limited; QIC Retail Pty Ltd; QIC Private Capital Pty Ltd; RiverCity Motorway.

Other appointments: Member of the QIC Shopping Centre Fund Advisory Committee.

QIC Committees: Chairman of the Human Resources Committee. Member of the Product Development Committee.

Age: 57.

John G Allpass FCA FCPA FAICD

Director (non-executive) since 1991 (first appointed to the Investments Board in 1989).

Chartered Accountant. Former Queensland Managing Partner and Former Member of the National Board, KPMG Peat Marwick.

Chairmanships: Envestra Ltd.

Directorships: MBF Australia Limited (and Group companies); Former director of Macquarie Bank Limited and Chairman of Macquarie Life Limited.

Other appointments: Several continuing non-director appointments in the Macquarie Group.

QIC Committees: Chairman of the Debt Management Committee, Member of the Audit and Risk Management Committee (retired as Chairman on 11 September 2006) and the Product Development Committee.

Age: 66.

Ian Brusasco AM, Director, PhC

Director (non-executive) appointed 1 October 1998.

Chairmanships: WorkCover Queensland; Foodbank (Qld) Ltd; Central Queensland Ports Authority.

Directorships: Pharmall Pty Ltd; QIC BioCapital Funds Pty Ltd.

QIC Committees: Member of the Human Resources Committee.

Age: 78.

David Harrison FAICD

Director (non-executive) appointed 1 October 1998.

Chairmanships: Port of Brisbane Corporation Limited; Australia TradeCoast Limited; QMI Solutions Limited; Industry Capability Network.

Directorships: Gateway Investments Pty Ltd; Brisbane Airport Corporation Limited and associated companies.

QIC Committees: Member of the Human Resources Committee and the Audit and Risk Management Committee.

Age: 56.

Marian M Micalizzi BBus FCA F Fin (Aff)

Director (non-executive) since 1994.

Chartered Accountant. Former Partner of PricewaterhouseCoopers.

Directorships: Queensland Treasury Corporation's Capital Markets Board; Australian Reinsurance Pool Corporation; Information Technology Australia (an ANZ Limited private equity investee entity).

Other appointments: Member of the Independent Investment Committee of Queensland Development Fund; Member of the Corporations and Markets Advisory Committee; Takeovers Panel; Member of Sunsuper Audit, Risk & Compliance Committee, Member of Service Delivery and Performance Commission (QLD).

QIC Committees: Chairman of the Audit and Risk Management Committee; Member of the Product Development Committee and Debt Management Committee.

Age: 50.

Maurice L Newman AC, Director, SF, Fin, FSDIA

Director (non-executive) appointed May 2004.

Chairmanships: Australian Stock Exchange Limited; Australian Broadcasting Corporation; Chancellor Macquarie University.

Other appointments: Chairman, Taronga Foundaton; Advisor; Marsh Group of Companies; Patron - CEDA; Member, Business Council of Australia Chairmen's Panel.

QIC Committees: Chairman of the Product Development Committee.

Age: 69.

Bronwyn Morris BCom, FCA, FAICD

Director (non-executive) appointed 1 July 2006.

Chartered Accountant. Former partner of KPMG. Former Chair of Queensland Rail and the Queensland State Council of the Institute of Chartered Accountants in Australia.

Directorships: Stanwell Corporation Limited; Brisbane Marketing Pty Ltd; Spotless Group Limited, Care Australia.

Other appointments: Councillor, Bond University; Australian Advisory Council of Parsons Brinckerhoff; Member, Compliance Committee of the WorldMark South Pacific Club (a Managed Investment Scheme developed and managed by Wyndham Vacation Resorts Asia Pacific Pty Ltd).

QIC Committees: Member of the Audit and Risk Management Committee.

Lyn Gearing BA(Comm), Dip Valuations, Certificate Business Studies, FAICD

Director (non-executive) since 2008.

Chief Executive Officer of State Super, and its related fund, First State Super. Consultant with McKinsey & Company, Executive with Hill Samuel Australia Limited and Rothschild Australia Asset Management Limited.

Directorships: Stockland Corporation Limited; IMB Limited; Hancock Natural Resource Group Australasia Pty Limited; The Garvan Foundation.

QIC Committees: Member of the Product Development Committee. Member of the Human Resources Committee

Age: 60.

Bradley Bowton BSc, MBA

Director (non-executive) since 2008.

Management consultant with Bain International and McKinsey & Company and as an investment banker with Morgan Stanley International and Salomon Brothers.

QIC Committees: Member of the Product Development Committee. Member of the Debt Management Committee.

Age: 47.

QIC's core competency is in providing superior management of balanced portfolios. A key element in delivering this superior performance is the quality and stability of our staff. Rapid exchange of information across operating divisions coupled with short decision chains, allows us to be productive in our initiatives and to respond quickly to events as they arise. It also provides the foundation for rigorous and complete risk management.

Doug McTaggart BEcon (Hons) MA PhD FAICD FAIM

Chief Executive Officer

Appointed: 1998.

Responsibilities: Leading, planning, coordinating and directing QIC's operations.

Previous experience: Extensive consulting and academic experience. Under Treasurer and Under Secretary, Queensland Treasury. In that role, Doug served as a Director of QIC.

Directorships: QInvest, Investment and Financial Services Association, Queensland BioCapital Funds Pty Ltd.

Trustee Committee for Economic Development of Australia. Member of Council, Queensland University of Technology. Councillor, National Competition Council. Governor of the Queensland Community Foundation.

Susan Buckley BEcon Post Grad Dip Econ

Joint Managing Director, Active Management

Appointed: 2001.

Responsibilities: Managing QIC's cash and global fixed interest investments. Member of the QIC Alpha Committee.

Previous experience: More than 19 years experience in the finance and funds management industry, including roles as Head of Strategy at NRMA Asset Management, Senior Vice President at BT Funds Management, Head of Fixed Interest at Suncorp Investment Management and Director, Foreign Exchange, Syntec Economic Services. Awarded Insto Bond Manager of the Year in 2005 by Insto Magazine. Susan is currently undertaking an MBA at the University of Queensland.

Michael Cottier BBus (Acc) MTax CA FTIA FAICD

Chief Financial Officer, Corporate Services

Appointed: 2002.

Responsibilities: Managing QIC's corporate services workgroups, including human resource services, information systems, investment and portfolio services, corporate and advisory services and finance.

Previous experience: Two decades of experience as a taxation specialist, and former head of finance and tax at Suncorp Metway Limited.

John Gethin-Jones BBus FCA FAICD

General Manager, Global Equities

Appointed to QIC: 1990. Appointed General Manager, Global Equities in 2003.

Responsibilities: Managing Australian and international share investments.

Previous experience: More than 20 years experience in finance and investment management. John began his career as a Chartered Accountant before moving into a number of commercial management roles in large Australian companies specialising in mergers, acquisitions and commercial troubleshooting. He has also been an institutional dealer in stockbroking.

Directorships: Allen & Buckeridge Pty Ltd.

Memberships: Member of the Financial Reporting Council, Investment and Financial Services Association - Investment Board and the S&P/ASX Index Advisory Panel.

Brad Holzberger BA(Hons Econ) MSc SF Fin

Chief Executive Officer, Asset Management

Appointed: 1994.

Responsibilities: Developing and implementing investment strategies for QIC's portfolios, focusing on asset allocation, currency and risk management.

Previous experience: Prior to joining QIC, Brad was a consultant with an international consulting firm. He entered the financial services industry after a career as an Army Officer specialising in strategic planning. A graduate of the Royal Military College of Duntroon, he has an Honours degree in Economics from the University of New South Wales and a Master of Science in Management from the United States Naval Postgraduate School in California. He is a Senior Fellow of the Financial Services Institute of Australia.

James Christensen BSc BA BEc MEc ASIA

Joint Managing Director, Active Management

Appointed: 1997.

Responsibilities: Adding value to client portfolios through the development of strategies that can be implemented outside the traditional asset classes.

Previous experience: Prior to joining QIC, James worked as a Senior Economist at the Queensland Treasury, where he was responsible for the provision of economic and financial market advice to the Queensland Treasury Corporation and its Board. He is a member of QIC's Investment Strategy Committee and an Associate of the Securities Institute of Australia.

Margaret Sugden MAppFin MFTA AFAIM GAICD

General Manager, Client Services

Appointed: 1994.

Responsibilities: Managing QIC's client services workgroups, including relationship management, business development, marketing, product management, performance and reporting.

Previous experience: Prior to joining QIC, Margaret was responsible for production and change management with News Limited (Melbourne). She also has extensive experience in advertising and administration.

Chairmanships: Margaret is Chair of both the ASFA Investment Discussion Group and the ASFA Functions Committee.

Darren Mundie BComm CA

General Manager, Operations

Appointed: 2000.

Responsibilities: Managing QIC's operational workgroups including investment & portfolio services, information services and infrastructure services.

Previous experience: Darren has spent the past 15 years in the finance and funds management industry. He spent the first five years of his career as a Chartered Accountant before moving into investment banking in London where he spent a total of six years in treasury and derivatives related functions at Barclays Capital, CS First Boston and Daiwa Europe.