HRS §414-191
Every corporation needs a board of directors
Read the official text at capitol.hawaii.gov ↗Unless a special agreement allows otherwise, every corporation must have a board of directors. The board runs the company and makes its major decisions, but the company's own rules or a valid agreement can limit what the board can do.
businesses
The statute, as written — Requirement for and duties of board of directors
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) Except as provided in section 414-163, each corporation must have a board of directors. (b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized under section 414-163.
Sections this one refers to
§414-163 Shareholder agreements that change how the company is run
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.