HI SR112

Requests the University of Hawaii Economic Research Organization (UHERO) to conduct a study examining CEO-to-worker pay ratios for companies operating in Hawaii, preferably broken down by industry.

Directs the study to assess how various pay ratios impact Hawaii's economy and identify options for the state to reduce CEO-to-worker pay disparities for all companies, with special focus on nonprofits and companies regulated by the Public Utilities Commission.

Requires UHERO to submit findings, recommendations, and any proposed legislation to the Legislature no later than 40 days before the 2026 regular session convenes.

Notes that CEO compensation increased 1,209 percent from 1978 to 2023 while typical worker pay rose only 15.3 percent, with CEO-to-worker pay ratios widening from 20-30 to 1 in the 1960s-1970s to 268 to 1 for S&P 500 companies in 2023.

Directs certified copies be sent to the Director of Business, Economic Development, and Tourism; UHERO Executive Director; Insurance Commissioner; and Public Utilities Commission Chairperson.