Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1081
                                        H.D. 1

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


     Your Committee on Commerce and Consumer Protection, to which
was referred H.B. No. 1081, H.D. 1, entitled: 


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, though not present at the
hearing, submitted written testimony in support of the measure.

     Your Committee finds that 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 H.B. No. 1081, H.D. 1, and recommends that it pass
Second Reading and be placed on the calendar for Third Reading.

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                                   STAND. COM. REP. NO. 983
                                   Page 2

                                   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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