HRS §412:3-105
How bank leaders are chosen and hired
The directors of a Hawaii financial institution must pick its top leaders. They can also hire other staff, set their pay, fire them, and require bonds. The board can let those leaders handle hiring and managing lower-level workers.
financial institutions
The statute, as written — Election and appointment of executive officers
The directors of a Hawaii financial institution shall elect or appoint its executive officers. The directors may also appoint and employ all other necessary officers and agents, define their duties, fix their compensation, dismiss them, and require that they be bonded. Except for the election or appointment of executive officers, the board of directors may delegate to such officers the employment, discharge, fixing of compensation, bonding, and supervision of subordinate officers, employees and agents.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.