Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Judiciary and Hawaiian Affairs, to which was referred Governor's Message No. 351, submitting for study and consideration the nomination of:

begs leave to report as follows:

Based upon your Committee's evaluation of the testimony received from, and in support of, the nominee, your Committee finds that the nominee should be afforded an opportunity to serve the public.

Theodore G.M. Jung is the Senior Vice President for Solomon Smith Barney. He has also been associated with Prudential Securities and Merrill Lynch. Currently, Mr. Jung serves as the President of the Honolulu Stock Exchange, a position he has held since 1977. The nominee is well known in the local financial and investment community, having served as financial advisor to local nonprofit entities.

Your Committee believes that the nominee's background in business and finance would be an asset to the Correctional Industries Advisory Committee, particularly as to developing prison rehabilitation programs.

As affirmed by the record of votes of the members of your Committee on Judiciary and Hawaiian Affairs that is attached to this report, your Committee, after full consideration of the background, character, experience, and qualifications of the nominee, has found the nominee to be qualified for the position to which nominated and recommends that the Senate advise and consent to the nomination.