What is an Alaska Native Corporation?
The 13 regional and 196 village member-owned, for-profit corporations created by Congress under the 1971 Alaska Native Claims Settlement Act (ANCSA) for the purposes of settling the aboriginal land claims of Alaska’s Native people. These corporations invest in a wide array of enterprises nationally and internationally in order to provide meaningful dividends and benefits to their Native shareholders. Return to Top What is an Employee Stock Ownership Plan (ESOP)? Employee Stock Ownership Plans (ESOPs) are a form of employee ownership in which the owner(s) of a company sells stock to an employee trust. “An Introduction to ESOPs,” published by The National Center for Employee Ownership, provides a more detailed definition: “An ESOP is a qualified, defined contribution employee benefit plan that invests primarily in the stock of the employer company. ESOPs are “qualified” in that in return for meeting certain rules designed to protect the interest of plan participants, ESOP sponsors receiv
