[§304A-104]  Regents; appointment; tenure; qualifications; meetings.  (a)  The affairs of the university shall be under the general management and control of the board of regents consisting of twelve members who shall be appointed and may be removed by the governor.  The term of each member shall be for four years; provided that the term of the student member shall be for two years.  Except as otherwise provided by statute, state officers shall be eligible to appointment and membership.  Every member may serve beyond the expiration date of the member's term of appointment until the member's successor has been appointed and has qualified.

     (b)  At its first meeting after June 30, the board of regents shall elect a chairperson and vice-chairperson, who shall serve until adjournment of its first meeting after June 30 of the next year or thereafter until their successors are appointed.  The board shall appoint a secretary, who shall not be a member of the board.  The president of the university shall act as executive officer of the board.  The board shall meet not less often than ten times annually and, from time to time, may meet in each of the counties of Hawaii, Maui, and Kauai.

     (c)  The members of the board of regents shall serve without pay but shall be entitled to their travel expenses within the State when attending meetings of the board or when actually engaged in business relating to the work of the board. [L 2006, c 75, pt of §2]