The executive director of the Honolulu Ethics Commission confirmed in an email that Kirk Caldwell would not have a conflict of interest between serving on the board of directors of Territorial Savings and his duties as mayor if he were to become mayor. This is because Territorial Savings does not hold city funds and has no business dealings with the city. However, the opinion is based on the presented facts, and if the facts change, the opinion may no longer be valid. The opinion can also be reviewed by the commission if requested in writing within 15 days.