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Founding of Calista Corporation
The Alaska Native Claims Settlement Act became law on December 18, 1971,
requiring Alaska Natives to enroll with their new Regional Corporation,
as well as requiring Alaska Native village and regional corporations to
make their ANCSA land selections by 1975. It was a daunting task, yet
Calista Corporation assisted more than 13,300 Shareholders to enroll,
and assisted all 56 village corporations to meet filing requirements by the deadline.
A corporation is a business entity made up of people working together.
Its owners are called shareholders. Shareholders elect directors. The
directors hire a president for the corporation. The president hires
employees to carry out the daily responsibilities of the corporation.
The corporation needs all these to operate.
Working together, they are able to do much more than what only one of
them could do alone.
Calista Corporation Shareholders are able to learn and understand more
about their corporation and its operations through the Calista
Corporation Shareholder Handbook (click to download).
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