The board may:
(1) Issue and renew licenses, as provided in this chapter;
(2) Issue subpoenas, examine witnesses, administer oaths, conduct hearings and, at its discretion, investigate allegations of violations of this chapter, and impose penalties for such violations;
(3) Enter into contracts and employ necessary personnel to carry out its responsibilities under this chapter;
(4) Communicate disciplinary actions to state and federal authorities and to other state funeral director licensing authorities; and
(5) Perform other duties as necessary to administer this chapter.