Through a democratic process, Inuvialuit beneficiaries directly control Inuvialuit Regional Corporation (IRC) and its subsidiaries.
Each Inuvialuit community, including Aklavik, Inuvik, Paulatuk, Sachs Harbour, Tuktoyaktuk and Ulukhaktok, has a Community Corporation with elected directors. The directors of the six community corporations elect the Chair of IRC. This elected member also takes on the responsibility of Chief Executive Officer of IRC.
The Chairs of each Community Corporation, together with the Chair and CEO of IRC, form the IRC Board of Directors.
IRC has four principal subsidiaries, which provide most of the corporation's operational funding: Inuvialuit Development Corporation, Inuvialuit Investment Corporation, Inuvialuit Land Corporation and Inuvialuit Petroleum Corporation.
Additional in-house divisions, which include Operations (core services including Inuvialuit Cultural Centre, Education & Training, Capacity, Human Resources as well as Inuvialuit Land Administration, Innovation, Science & Climate Change, as well as Health & Wellness Division contribute to form Inuvialuit Regional Corporation.
Inuvialuit Development Corporation
A diversified investment, venture capital and management holding company.
Inuvialuit Investment Corporation
Oversees management of a diverse securities portfolio.
Inuvialuit Land Corporation
Responsible for the administration and management of Inuvialuit lands.
Inuvialuit Petroleum Corporation
A medium-sized, diversified and integrated petroleum company.