Shareholders that benefit from ASRC Federal profits are Iñupiat Eskimos who live primarily on Alaska’s North Slope. ASRC Federal is a subsidiary of Arctic Slope Regional Corporation, an Alaska Native corporation that represents the business interests of approximately 11,000 Iñupiat shareholders. Profits earned by ASRC are distributed to shareholders in the form of dividends.
Shareholders living in difficult conditions on Alaska’s North Slope use the dividends to sustain their villages and the Iñupiat way of life. Shareholders are also located throughout Alaska, with a smaller number residing in the lower 48 states.
ASRC and its subsidiaries:
- Work to preserve the Iñupiat culture and traditions that strengthen shareholders and ASRC
- Invest a portion of revenues to promote healthy communities and sustainable economies for eight villages on the North Slope
- Adhere to traditional values of protecting the land, environment and culture of the Iñupiat
The Iñupiat culture adheres to ancestral teachings and values. Iñupiat values guide ASRC in actively managing businesses, lands, resources and business relationships. The Iñupiat core values are the cornerstone of ASRC’s success and are combined with disciplined business practices to deliver high levels of performance and returns. Core values include:
- Knowledge of language
- Hunting traditions
- Respect for nature
- Resolution of conflict
- Respect for our elders and one another