KNBA - KBC

Doyon Limited goes virtual for its annual shareholder meeting

Mar 19, 2020

Doyon Limited’s annual shareholder meeting scheduled for 9 a.m. Friday (March 20) will be virtual.

The announcement made on the Alaska Native corporation’s Facebook page is part of a continued effort to reduce the risk of spreading illness.

Doyon Limited previously scaled back its agenda to only include the election of directors and the president’s report.

Candidates for the board of directors will not be able to give their candidate speech. And board members will attend remotely. Proxyholders will vote by phone.

Shareholders will be able to participate in the meeting through a webcast requiring a password to access.

Doyon Limited is allowing only 10 people to be physically in the room at a time.

According to a statement in a news release, Doyon says “We are continuing to follow the guidance of public health officials. If there are additional changes, we will notify our shareholders and the public.”

The corporation will postpone its recognition for Shareholders of the Year and a keynote panel until a later date.

Doyon Limited has about 18,000 shareholders and its land entitlement under the Alaska Native Claims Settlement Act is about 12.5 million acres – making it the largest private landowner in the state.