Haw. Code R. § 1.06 - Committees of the Board
(a) Standing committees shall be established by
the board to address critical issues in the major functional areas of the Fund:
(1) The Administrative Committee will have
combined administrative and finance committee functions;
(2) The Benefits Committee will have benefits and
communication committee functions.
(3)
The Investment Committee will review the reports of the Investment Consultant and
report to the Board of Trustees on the Fund's investments.
(b) The board may establish other committees to
address matters related to the operation or administration of the Fund or to
investigate issues that impact the Fund.
(c) Committees shall operate informally and shall
make recommendations to the full board. Meetings of all standing committees will
comply with Part I of Chapter 92 of the Hawaii Revised Statutes.
(d) A minimum of four trustees (two trustees from
each trustee group) shall be assigned to a committee. The assigned number of
trustees may be larger for certain committees provided that an equal number of
trustees are assigned from each trustee group.
(e) Attendance of at least one trustee from each
trustee group shall be necessary to convene a committee meeting.
(f) Committees may select a chairperson and any
other officers as deemed necessary by the board.
(g) Committee chairpersons shall coordinate
assignments to the administrator and other Fund staff for their respective
committees.
(h) Trustees in attendance
shall agree within their working committees on recommendations made to the full
board. When there is no agreement by the trustees in attendance, the committee shall
present a summary of the disagreement(s) to the full board.
Notes
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