Sealaska should listen to its shareholders

Posted: Thursday, May 14, 2009

This letter is in response to the article that appeared in the Juneau Empire on May 12 titled, "New bill would resolve Sealaska land issue."

As a Sealaska shareholder, I agree with what Sealaska shareholder Adrian LeCornu said about the corporation becoming more transparent. He was being gentle in saying, "We could use a more lively exchange between the communities and the leadership of Sealaska."

When this happens, then maybe we can begin to believe statements such as when Jaeleen Araujo, Sealaska vice president and general counsel, said, "We keep telling people: we cannot address your concerns until you tell us about them."

Our (shareholders) concerns fall on deaf Board of Directors' ears. Why weren't we included in this process? The board of directors has yet to "hear" anything a shareholder suggested, much less follow through with it.

For too many years this corporation continues to operate behind closed doors. This is what happens to shareholders as the board continues to practice business without shareholder input. We stay in the dark until an annual report comes out.

I say if the President of the United States is for "transparency" for the nation, then Sealaska needs to follow suit. Both for the sake of the corporation itself and for shareholder. We would ask that the board address our concerns of transparency.

Darlene A. McKinley (Phillips)


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