OHA Trustees Request Plan for Downsizing LLCs and Replacing Managers

Trustee Keli’i Akina applauds step towards LLC reform

News Release from Office of OHA Trustee Keli’i Akina, PhD April 25, 2018

HONOLULU, HI - On April 25, 2018, the OHA Board of Trustees emerged from a closed executive session discussion of the Resources Management Committee and approved an action item calling for a plan to downsize the OHA LLCs and replace their managers. The OHA Administration was tasked with reporting back on the feasibility and timing of such a plan by June 30th, 2018. The action item must now go to the general Board of Trustees meeting for ratification.

According to Trustee Keli’i Akina, “OHA has been subject to a great deal of public scrutiny over its subsidiary LLCs.  It’s time for OHA Trustees to act upon concerns raised by the recent State Audit findings, the recommendations of legal professionals, and the testimony of numerous OHA beneficiaries.”

The action item passed in the Resources Management Committee with a vote of 7 ayes, 1 abstain (Akana), and 1 absent (Apo).

The current managers of OHA’s LLCs consist of OHA’s CEO Kamana’opono Crabbe, CFO David Laeha, and COO Lisa Victor. The action item is designed to generate a plan for their orderly resignation from their LLC Manager roles.

The text of the approved action item is as follows; “Authorize OHA Administration to assess the feasibility, timing, and downsizing of the current LLC operations structure, and to develop a transition plan to replace existing LLC managers, and report back to the Resources Management Committee by June 30th, 2018.”

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OHA Board Considers Major LLC Reform in Upcoming Executive Session

OHA Trustee Akina Welcomes LLC Reform

Board of Trustees to meet in Executive Session

News Release from Office of OHA Trustee Keli’i Akina, PhD, April 24, 2018

HONOLULU, HI- The Office of Hawaiian Affairs Board of Trustees will convene in Executive Session Wednesday, April 25 to discuss “OHA’s role as member of Hi‘ilei Aloha LLC and Ho‘okele Pono LLC.”  During the Executive Session discussion, the Board will consider whether “to accept the resignations of OHA executives from their positions as LLC managers, implement a transition plan to streamline and downsize LLC operations, and to recruit a replacement LLC manager.”

According to Trustee Keli’i Akina, “OHA has been subject to a great deal of public scrutiny over its subsidiary LLCs. It’s time for OHA Trustees to act upon concerns raised by the recent State Audit findings, the recommendations of legal professionals, and the testimony of numerous OHA beneficiaries.”

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OHA RM Meeting April 25, 2018: Agenda

Last Try: OHA Trustees to Order Shutdown of LLCs?  (April 8 meeting was cancelled.)