DALÁNG FALÁNG GASGADÁANG (WE WELCOME YOU) Sealaska will be holding its 2017 Annual Meeting of Shareholders in Hydaburg, Alaska. When: Saturday June 24, 2017 1:00 pm (Alaska Time) Where: Hydaburg high School Gymnasium Totem Park and main Street Hydaburg, AK 99922
Sealaska Corporation has had a Governance subcommittee of the Audit Committee for many years. In the past year, the Governance Committee has worked with the Board to develop and implement important policies and processes to build and strengthen Sealaska’s corporate governance. The Governance and Nominations Committee (G&N) makes recommendations on corporate governance to the full Sealaska Board, based on corporate best practices.
Spruce Root was formerly known as Haa Aaní Economic Development and the Haa Aaní CDFI program. It was founded in 2012, with $500,000 of seed money from Sealaska. Today the fund has grown to $3.5 million, which is possible thanks to grant, benefactor and partner funds, including Sealaska, the Nature Conservancy and others.
Sealaska has narrowed its operational focus to three primary business segments: natural resources (Haa Aaní), Sealaska Government Services (SGS) and seafood and natural foods.
Companies under SGS focus on remote project management, environmental monitoring and data analytics. The goal is to transition Sealaska companies, where appropriate, to offer services in water and marine environments, like marine data collection and oceanography. SGS will also seek out commercial clients. The focus on the long-term health of our oceans is an opportunity to maximize the value of the resources extracted from the ocean.
Sealaska directors have named shareholder, Morgan Howard, to the board slate for the 2017 election. Howard takes the place of Director Rosita Worl, who announced on February 2, 2017, that she did not intend to seek reelection at the end of her term which ends June 24, 2017. The board began the process to fill the board slate vacancy with an announcement February 3, 2017.
Sealaska is pleased to announce that it has acquired a majority interest in Odyssey, a company that specializes in the marketing and value-added processing of predominantly frozen seafood under several retail brands.
“The board and management are focused on developing existing businesses that have growth potential, match our values and are aligned with our strategic direction,” said Sealaska Chair Joe Nelson. “We have narrowed our operational focus to three segments; natural foods, natural resources, and government services.”
“We are interested in a strong regional economy and working forests managed by a trained, local workforce,” said Sealaska President and CEO Anthony Mallott. “Maintaining a focus on sustainable harvests helps achieve that.”