Excellent Profits from an Excellent Indigenous Corporation
Garth Wallbridge, LL.B., ICD.D, CIC.C
Lawyer, businessman and corporate director.
The Inuvialuit Regional Corporation just announced a record profit of almost $70M. The shareholders have done an excellent job of taking care of business since they completed their land claim agreement in 1984.
As they say on their web site:
After ten years of negotiations, the Government of Canada and the Inuvialuit signed the Inuvialuit Final Agreement (IFA) June 5, 1984. It was the first comprehensive land claim agreement signed north of the 60th parallel and only the second in Canada at that time.
In the IFA, Inuvialuit agreed to give up their exclusive use of their ancestral lands in exchange for certain other guaranteed rights from the Government of Canada. The rights came in three forms: land, wildlife management and money.
Kudos to them for keeping their eye on the ball and truly advancing the position of their people.
Read their press release here:
https://www.irc.inuvialuit.com/sites/default/files/2018-04-Record%20Earnings%20%282017%29.pdf
Chartered Professional Accountant, Abbotsford, BC & Whitehorse, YT
6 年Awesome!
Edward R. Murrow Award Winning Journalist and Bestselling Author
6 年Hi, I’d like to read the press release but the link is not clickable
Indigenous and Stakeholder Engagement Specialist seeking mentoring opportunities on challenging projects
6 年It was always a pleasure to work with the IRC and its board of directors.