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June 19, 2019

Tribal Members are Stockholders

by leroywandahsega
20180602_120230

Since my introduction to global management strategies, the prevalent issue is meeting the expectations of  the stockholders. The hierarchy is simple and in general most businesses represent the interests of the stockholders first as the produce the capital.

Today society is pressuring all corporations to become more socially responsible to customers, employees, suppliers and other external influences that create the possibility of business. Tribal Casino’s have done this and more.

Tribal casino’s started with a simple goal in mind. Provide opportunity for tribal members to become not only  employees but business investors as well. The idea was well intended but not well planned.

Today on my reservation our “corporate business” has ONE issue of stock and that is owned by the Executive officers and its Commercial Enterprise Oversight board. This Board controls this one interest of stock and utilizes the power to leverage resources owned by the Tribal Council, of which they are the officers as well.

As a tribal member I have studied the organizational documents of the past and all members had a vote in the business matters of the tribe at one time. The tribe has grown and now the “stockholders” have been whittled down to 7 people (CEO Board) and the voting population is almost 10 times the size it was when the first 42 tribal members voted to start businesses under charters issued by the Tribal government.

How does the tribal member lose their interest and control of resources compacted into one share of stock owned by the tribal councils management committee?

And how did the Tribal members vote get reduced to null in corporate business matters and why?

…to be visited again.

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