§304A-3002 - Board of directors; composition. - Hawaii Statutes

     [§304A-3002]  Board of directors; composition.  The affairs of the research corporation shall be under the general management and control of the board of directors.  The board of directors shall consist of ten members.  Five members of the board of regents of the University of Hawaii, selected by the board of regents, shall be members of the board of directors for terms to be determined by the board of regents; provided that no term shall extend beyond the term as a member of the board of regents.  The remaining five members shall be appointed by the governor pursuant to section 26-34.  All the members appointed by the governor shall serve for a term of four years, except that the governor may reduce the terms of those initially appointed so as to provide, as nearly as can be, for the expiration of an equal number of terms at intervals of one year, each term commencing on July 1 and expiring on June 30.  All members of the board of directors shall serve without pay, but shall be entitled to reimbursement for necessary expenses while attending meetings and while in the discharge of duties and responsibilities.

     The members of the board of directors shall elect the chairperson of the board. [L 2006, c 75, pt of §2]