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. GAO was asked to review these corporations.

" 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. GAO was asked to review these corporations. This report examines (1) governance practices of the regional Alaska Native corporations, (2) requirements for and oversight of the corporations' financial reporting practices, (3) benefits provided by the corporations to their shareholders and other Alaska Natives, and (4) questions to consider for the future. GAO reviewed relevant federal and state laws and regulations, as well as the corporations' annual reports, proxy materials, and other documents. GAO interviewed representatives from each of the 13 regional corporations and visited seven of the Alaskan regions. GAO is making no recommendations"

This text provides an overview of the Alaska Native Corporations. 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 18 December 1971, became shareholders in the corporations. The Settlement Act, as amended, authorise the corporations to provide benefits to shareholders and to other Alaska Natives.

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

This book provides an overview of the Alaska Native Corporations. 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.

Learn about Alaska's unique indigenous people who have lived thousands of years in a subsistence economy and unconquered. See how today's Alaska Native people exhibit remarkable resilience and adaptability despite the arrival of foreigners to Alaska in the mid-1700s, who sought natural resources and brought death and disease that claimed many indigenous lives. Clear descriptions, facts, charts, lists, and maps tell about the 230 Alaska Native tribes and more than 350 Alaska Native–owned for profit and nonprofit organizations that have emerged over the past 65 years. A stunning 25,000 year timeline depicts archeological sites which helped provide the basis for aboriginal land rights in the historic Alaska Native Land Claims Settlement in 1971. Today, Alaska Native people comprise about 20 percent of Alaska's population and their institutions are a major player in Alaska's diverse economy. Easy to read, you will gain an essential understanding about these modern institutions that have been successfully integrated with traditional subsistence values and are improving the lives of Alaska Native people and all of Alaska.