Regional Alaska Native Corporations: Status 40 Years after Establishment, and Future Considerations

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By Anne-marie Fennell (au)
Year: 2012
Pages: 76
Binding Paperback
ISBN 978-1-4578-4302-0

Product Code: 1457843021

Description

In 1971, the Alaska Native Claims Settlement Act was enacted to resolve long-standing aboriginal land claims and to foster economic development for Alaska Natives. This federal law directed that corporations be created under Alaska state law, which were to be the vehicles for distributing the settlement. As directed by the act, 12 for-profit regional corporations were established, representing geographical regions in the state. Later, a 13th regional corporation was formed to represent Alaska Natives residing outside of Alaska. Eligible Alaska Native applicants who were alive on December 18, 1971, became shareholders in the corporations. The Settlement Act, as amended, authorizes the corporations to provide benefits to shareholders and to other Alaska Natives. This report examines (1) governance practices of the regional Alaska Native corporations; (2) requirements for and oversight of the corporationsäó» financial reporting practices; (3) benefits provided by the corporations to their shareholders and other Alaska Natives; and (4) questions to consider for the future. Tables and figures. This is a print on demand report.

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