Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Economic Development and Technology, to which was referred Governor's Message No. 267, submitting for study and consideration the nominations of:

begs leave to report as follows:

Testimony in support of all three nominees was received from the Department of Business, Economic Development, and Tourism. Your Committee received testimony in support of Glenn S. Yamada from American Savings Bank and Honolulu Japanese Chamber of Commerce. Your Committee received testimony in support of Edmund C. Aczon from American Public Works Association – Hawaii Chapter, HSI Mechanical, General Contractors Association of Hawaii, Hawaii Building and Construction Trades Council, AFL-CIO, Hawaii Construction Industry Association, Laborers-Employers Cooperation and Education Trust, the Pacific Resource Partnership, Armstrong Builders, Ltd., Islands of Paradise, PLA Incorporated, Umemoto Cassandro Design Corporation, Building Industry Association – Hawaii, Castle & Cooke, and three individuals.

As the Branch Manager for American Savings Bank's Pearlridge office, Glenn S. Yamada has an extensive banking background to bring to the Board. His experience is invaluable in setting the Corporation's future investment policies and decisions to assist in the development of new businesses to diversify Hawaii's economy. He also has a strong technology background having worked with a number of computer and data-related businesses. Mr. Yamada is also very active in community affairs with the Honolulu Japanese Chamber, the Honolulu Rotary Club, and Mililani Missionary Church.

Edmund C. Aczon brings to the Board a background combining extensive experience as a business owner and contractor. Equally important are his community activities. He has long been involved with construction and business-related organizations, serving at the highest levels, which include the Hawaii Construction Industry Association, the Building Association of Hawaii, Pacific Resources Partnership, Filipino Chamber of Commerce, as well as many others.

Allan S. Kitagawa is the long-standing Chairman of the Board and Chief Executive Officer of Territorial Savings and Loan Association, and as such brings an extensive business and financial management background to the Board. Additionally, he is a certified public accountant.

Upon review of the testimony and written statements submitted by the nominees, your Committee finds that Glenn S. Yamada, Edmund C. Aczon, and Allan S. Kitagawa have the necessary character, experience, and qualifications to serve on the Hawai'i Strategic Development Corporation.

As affirmed by the record of votes of the members of your Committee on Economic Development and Technology that is attached to this report, your Committee, after full consideration of the background, character, experience, and qualifications of the nominees, has found the nominees to be qualified for the positions to which nominated and recommends that the Senate advise and consent to the nominations.