STAND. COM. REP. NO. 95

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1143
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Commerce and Consumer Protection, to which
was referred S.B. No. 1143 entitled: 

     "A BILL FOR AN ACT RELATING TO CORPORATIONS,"

begs leave to report as follows:

     The purpose of this measure is to allow the shareholder of a
corporation to designate a proxy through the execution of a
written document, including a written document containing a
facsimile of the shareholder's signature, or by electronically
transmitting an authorization to the proxy holder.

     The Department of Commerce and Consumer Affairs presented
testimony in support of this measure.  The Business Law Section
of the Hawaii State Bar Association and two individuals, though
not present, submitted supportive testimony.

     This measure provides an alternative, flexible, and more
convenient means of designating a proxy and, thereby, facilitates
and promotes shareholder participation in corporate
decisionmaking.

     As affirmed by the record of votes of the members of your
Committee on Commerce and Consumer Protection that is attached to
this report, your Committee is in accord with the intent and
purpose of S.B. No. 1143 and recommends that it pass Second
Reading and be placed on the calendar for Third Reading.


 
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                                   STAND. COM. REP. NO. 95
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                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Commerce and
                                   Consumer Protection,



                                   ______________________________
                                   BRIAN KANNO, Co-Chair



                                   ______________________________
                                   BRIAN T. TANIGUCHI, Co-Chair

 
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