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dollars ($100.00) shall be signed by the Treasurer and countersigned by any other officer of the corporation duly authorized. An officer shall not sign a check reimbursing himself or herself. Section 8.4 Execution of Contracts. The Board may authorize an officer or officers, agent or agents to enter into any contract or execute any instrument in the name of and on behalf of the ASSOCIATION, and such authority may be general or confined to specific instances; and unless so authorized by the Board, no officer, agent, or employee shall have any power or authority to bind the ASSOCIATION by any contract or engagement or pledge its credit or to render it liable for any purpose or to any amount. Section 8.5 Auditor. The Board may at any meeting appoint a person, committee of general members, or a firm or corporation engaged in the business of auditing, to act as the auditor of the ASSOCIATION. No Director or officer shall be eligible to serve as auditor of the ASSOCIATION. If an Audit Committee of general members is appointed, it should be composed of a Chairperson and at least two additional general members. An Audit Committee shall review the financial records and support documents of the Treasurer and report back to the Board and general membership regarding their findings. Ideally, the ASSOCIATION should have an audit at least every two (2) years, and prior to any change in the office of the Treasurer. Section 8.6 Nepotism. It shall be the policy of this ASSOCIATION to comply with the requirements of Hawaii State Law, and to adopt policies against Nepotism and Conflict of Interest. "Nepotism" shall mean generally the appointment of persons to positions on the basis of their blood or marital relationship to the appointing authority rather than on merit or ability. No two or more members of a family or kin of the first or second degree shall be employed or under contract by this ASSOCIATION or serve on the Board of Directors unless specifically permitted in writing by the Board of Directors. "Conflict of Interest" shall mean situations where an individual's judgment or loyalty is or may be affected by his own financial, business, property or personal interest. No Director shall vote on any matter in which said Director has an interest, nor shall said Director be present at any portion of a meeting of the Board of Directors in which the Directors consider a conflict of interest by said Director. No officer shall undertake any action on behalf of the ASSOCIATION in which said officer has an interest unless said officer has first made written disclosure of the conflict of interest in writing to the Board of Directors and the Board of Directors has given advance approval for said action. All issues relative to a conflict of interest or perception of a conflict of interest shall be determined by the Board of Director Section 8.7 Action without meeting and telephonic meetings. To the full extent permitted by law, any action required or permitted to be taken at any meeting of the Board or of any committee thereof may be taken by unanimous written or email consent of the Board of such Committee, as the case may be, without such 26-08