Here's What Former Trustee Clarence Ku Ching Says -"...I stressed that the statutory requirement mandating an audit every 4 years was grossly insufficient - as lots of mischief can take place at much shorter time intervals - as it seems to appear at present - and that it is possible that irreparable damage may result.I was extremely disappointed that OHA's trustees opposed the resolution - wondering what they had to hide.I also stressed that the trustees have "fiduciary responsibilities and obligations" to their beneficiaries and that whenever (between mandated audits) a number of beneficiaries (as is happening now) request an audit - that it happens. I requested an audit as a beneficiary.I also suggested that OHA's recent use of LLCs (limited liability corporations) that seemed to convert "trust" assets into "private" assets - out of sight and oversight of its beneficiaries, the public and the legislature - and seemingly beyond any "trustee" responsibilities and obligations and placed in the hands of "private" individuals might be a serious mischief....there are some who are trying to obtain the originating documents for the LLCs and taking a magnifying glass to what is happening - with the possibility that OHA's trustees have breached their responsibilities and obligations. There may be sufficient grounds for a very successful litigation to restore these "trust" assets to the "trust," for the benefit of OHA's rightful beneficiaries."
Also they know that as board members it indemnifies them of personal liability so I give credit to Clarence Ku Ching because he doesn't have to do anything. Instead he does some thing which is pretty cool.
Can someone please look into the by laws though. I am curious what it says about recalling and replacing the board. Mahalo.
Once again I didn't make the connection between "ku ching" and Clarence KU Ching. Ku is appropos and I am very pleased with how he and others are taking the initiative to do something about it because some people do fear some type of retribution so it's nice to see people like him who care.
"I also stressed that the trustees have "fiduciary responsibilities and obligations" to their beneficiaries and that whenever (between mandated audits) a number of beneficiaries (as is happening now) request an audit - that it happens. I requested an audit as a beneficiary."
This is awesome!!!
Has anyone looked into recalling and replacing them though? It must be in the by laws.
Normally I believe it's the majority plus one who can call for a recall and replacement but I am not sure when it comes to OHA because they are secretive but I know they want us to die so that they can have the land. Sad though.
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Can someone please look into the by laws though. I am curious what it says about recalling and replacing the board. Mahalo.
"I also stressed that the trustees have "fiduciary responsibilities and obligations" to their beneficiaries and that whenever (between mandated audits) a number of beneficiaries (as is happening now) request an audit - that it happens. I requested an audit as a beneficiary."
This is awesome!!!
Has anyone looked into recalling and replacing them though? It must be in the by laws.
Normally I believe it's the majority plus one who can call for a recall and replacement but I am not sure when it comes to OHA because they are secretive but I know they want us to die so that they can have the land. Sad though.
Anyway this is great news.