Hawaii Revised Statutes 386A-5 – Board meetings

(a) The board‘s quorum to transact business shall consist of at least three directors. Unless a quorum is present, no business shall be transacted.

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Terms Used In Hawaii Revised Statutes 386A-5

Board: means the fund's board of directors. See Hawaii Revised Statutes 386A-1
Fund: means the Hawaii state compensation mutual insurance fund. See Hawaii Revised Statutes 386A-1
Quorum: The number of legislators that must be present to do business.

(b) Each director shall have one vote. All board actions and decisions shall be by majority vote.

(c) Directors shall determine the time and place of the board’s regular meetings. The fund‘s administrator shall notify directors of the time and place of meetings.

(d) Special meetings may be held at the call of the chairperson or any two directors upon giving at least seven days’ written notice to all other directors. Unless otherwise specified in the call and notice, meetings shall be held at the fund’s principal office.

(e) Directors shall elect a chairperson, secretary, and treasurer and other officers as it decides.

(f) Directors may also exercise their powers by written assent of all directors.

Chapter 386A Contents

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Hawaii Revised Statutes 386A-5 – Board meetings

Terms Used In Hawaii Revised Statutes 386A-5

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