Makivik and FCNQ Sign Historic Agreement to Create New Company to Develop Renewable Energy in Nunavik
Elections for BOD Members
Elections for BOD members in Ivujivik, Umiujaq, Kangirsujuaq and Kangirsuk were held last week.
To summarize, here are the newly elected BOD members.
- Killiniq: Sammy Anganatuinaq acclaimed
- Ivujivik: Charlie Paningajak
- Umiujaq: Paul Anowak
- Kangirsujuaq: Elijah Ningiuruvik
- Kangirsuk: Etua Kauki
- Tasiujak: Willie Angnatuk acclaimed
Please note that no runoff elections will be required as all candidates obtained the majority of votes cast in their communities.
MAKIVIK CORPORATION ANNOUNCES CREATION OF A NEW DEVELOPMENT CORPORATION FOR NUNAVIK INUIT
March 1, 2017 – Kuujjuaq, Quebec – Makivik Corporation is pleased to announce the creation of a new Development Corporation to further develop regional businesses in Nunavik and beyond. The new Inuit Development Corporation will be 100% owned by Makivik.
“This is a new chapter in our development,” said Makivik President Jobie Tukkiapik. “We have been successful in managing our investment portfolio, our subsidiary companies, and joint ventures over the years. We want to go to the next level of professional business management, and in doing so ensure that the Beneficiaries’ Equity carefully administered over the years has even greater opportunities to grow, as well as providing better oversight to our subsidiary companies and joint ventures.”
In the fall of 2016 a Makivik Structural Review Committee was struck with the mandate to study, review, analyze and make recommendations to the Makivik Board of Directors with regards to the most effective and appropriate structures for the Corporation to adopt to improve the business operations of the Corporation’s subsidiaries and joint ventures. It also sought to improve its ability to take greater advantage of new business opportunities, with a view to minimize political considerations in business decision-making.