NANA Regional Corporation

NANA Regional Corporation, Inc. (NANA) is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of Alaska Native land claims. NANA was incorporated in Alaska on June 7, 1972.[1] NANA is a for-profit corporation with a land base in the Kotzebue area in northwest Alaska. Its corporate office is in Kotzebue, Alaska. NANA's Alaska Native shareholders are of Inupiat descent.

The Northwest Arctic Native Association was NANA's predecessor, and played a key role in the effort to resolve Alaska Native land claims that led to passage of ANCSA. However, NANA is not an acronym today.

NANA Regional Corporation is headquartered in Kotzebue but maintains offices in downtown Anchorage for a number of departments and subsidiaries, including the headquarters of NANA Development Corporation. The building, situated at the corner of Ninth Avenue and I Street and constructed in 1969, formerly housed oil company offices and the Japanese consulate office.

Corporate governance

Board of directors

NANA is a shareholder-managed corporation that is guided by a Board of Directors, composed of Inupiat shareholders, and a senior management team]. The 23 member NANA Regional Corporation, Inc. Board is elected solely by NANA shareholders. It is made up of two Iñupiat shareholder board members from each NANA village (with the exception of Kotzebue with one board seat) and an Elder Advisor.

Shareholders

Most of NANA's approximately 14,000 shareholders are Alaska Natives of Inupiat descent. As an ANCSA corporation, NANA has no publicly traded stock and its shares cannot legally be sold, though Class A, B and C stocks can be inherited or gifted. Unlike other American corporations, NANA - as an Alaska Native Corporation, has economic, social and cultural responsibilities to its shareholders.

Lands
Map showing NANA's region, with an inset showing the region in relation to Alaska as a whole. Adjacent regions are those of Arctic Slope Regional Corporation (to the north), Bering Straits Native Corporation (to the south) and Doyon, Limited (to the east).

Until 1971, the issue of land ownership in Alaska was divisive. Oil was discovered on Alaska's North Slope and Alaska Native peoples, including the Iñupiat of northwest Alaska, worried about maintaining rights to traditional lands and the ability to protect their valuable subsistence resources. The passage of the Alaska Native Claims Settlement Act (or ANCSA) helped resolve many of the issues surrounding land rights.

ANCSA created 12 regional corporations in Alaska (a 13th was added later), and the state and Alaska Native groups worked together to select lands for each region. Each of these regions formed a for-profit corporation to manage these land rights.

Today, NANA owns 2,280,000 acres (9,200 km2), or approximately 9.4 percent of the 24,300,000 acres (98,000 km2) that comprise the NANA region. NANA lands encompass an area that is roughly the size of Indiana.

In 1972, a merger of the area’s regional corporation and ten of the eleven village corporations resulted in NANA’s ownership of both the surface and subsurface acreage, with the exception of the surface acreage Kikiktagruk Iñupiat Corporation (KIC) retained.

The land selection and conveyance process is now largely completed, but the work of our Lands Department continues to ensure that our rights are never again in question.

NANA-owned lands are managed by the NANA Lands and Regional Affairs Department.

Subsidiaries

NANA subsidiaries include:

  • Akima is a holding company of federal and commercial service providers. On November 5, 2017, Akima received press coverage for terminating the employment of a woman that Akima alleged posted obscenities on social media. [2] Akima was criticized for being inconsistent as another employee posted obscene language on social media but was not disciplined.
  • Red Dog mine. Northwest Arctic Region of Alaska. Zinc mine on NANA-owned land; operated in partnership with Teck Alaska. Many of NANA's companies and partners provide services for the mine, such as facilities management, housekeeping and food service.
gollark: The information rate is weirdly consistent given that information density and syllable throughput vary quite a lot.
gollark: Surely you can simply speak faster.
gollark: * zstandardized, not gzipped
gollark: At GTech™, we just use gzipped osmarkslanguage™ over high-throughput optical links.
gollark: Polish is clearly a far superior compression algorithm.

References
  1. Corporations Database (NANA Regional Corporation, Inc.). Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-18.
  2. Dvorak, Petula (2017-11-06). "Perspective | She flipped off President Trump — and got fired from her government contracting job". Washington Post. ISSN 0190-8286. Retrieved 2017-11-06.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.