§206P-3 Board of directors; composition. (a) The affairs of the corporation shall be under the general management and control of the board. The board shall consist of nine voting members. Six members shall be appointed by the governor for staggered terms as provided in section 26-34. These members shall be appointed to assure a broad and balanced representation of education, business, and other pertinent disciplines and professions, including, but not limited to, information processing technology, telecommunications, finance, commerce and trade, corporate management, library and information science, and marketing.

(b) The director of the department of business, economic development, and tourism, the president of the University of Hawaii, and the director of the department of budget and finance, or their designated representatives, shall be ex officio voting members of the board. The director of the department of budget and finance shall serve as a chairperson of the board until such time as the board elects a chairperson from its membership. The board shall elect such other officers as it deems necessary.

(c) The members of the board shall serve without pay but shall be reimbursed for their actual and necessary expenses, including travel expenses incurred in carrying out their duties. [L Sp 1988, c 1, pt of §2; am L 1990, c 293, §8]