Haw. Rev. Stat. § 514B-125
(b) The board may establish rules for owner participation in any deliberation or discussion at board meetings, other than executive sessions. A board that establishes such rules pursuant to this subsection:
(2) May amend these rules at any regular or duly noticed special meeting of the board; provided that all owners shall be notified of any adopted amendments.
The board may make the rules available to owners on an association website.
(c) The board, by majority vote, may adjourn a meeting and reconvene in executive session to discuss and vote upon matters:
(4) Necessary to protect the interests of the association while negotiating contracts, leases, and other commercial transactions.
The general nature of any business to be considered in executive session shall first be announced in open session.
(g) A director shall not vote at any board meeting on any issue in which the director has a conflict of interest. A director who has a conflict of interest on any issue before the board shall disclose the nature of the conflict of interest prior to a vote on that issue at the board meeting, and the minutes of the meeting shall record the fact that a disclosure was made.
"Conflict of interest", as used in this subsection, means an issue in which a director has a direct personal or pecuniary interest not common to other members of the association.
[L 2004, c 164, pt of §2; am L 2005, c 93, §7; am L 2017, c 81, §3; am L 2022, c 62, §7]
Where petitioners (1) presented no evidence that when director voted in favor of the pricing policy, which would set the prices at which the defendant Association would sell the leased fee interests, a real or seeming incompatibility existed between the director's private interests and the director's fiduciary duties (2) did not establish that director had a "direct personal or pecuniary interest not common to other members of the Association" and (3) company that director allegedly had potential involvement in was no longer involved in the purchase of the leased fee interest, director did not have a conflict of interest when director voted. 121 H. 474, 221 P.3d 452 (2009).