Shareholder Responsibilities


As a part owner of our corporation, the two most important responsibilities you have as a Shareholder are keeping your records updated and voting in Koniag elections.

Updating Your Records

It is essential that each Shareholder have the correct information on file. Without it, you may not receive important communications like dividends, annual reports, newsletters, voting proxies, and informational statements. If you are wondering whether or not your information is current, please feel free to contact Shareholder Services or register on our web portal My Koniag.

Voting

Shareholders are responsible for ensuring the long-term strength of the corporation by electing Koniag’s Board of Directors.

The best way to ensure that your voice is heard is to vote in our elections. Whether you have a small or large amount of shares, each vote carries the weight of electing leaders that will guide the future of Koniag. Shareholders can vote in person at the annual meeting or by proxy.

Board Elections

We are governed by a nine-member Board of Directors elected by our Shareholders. Qualified Shareholders seeking election to the Board of Directors must be nominated. Three seats are up for election each year at the Annual Meeting of Shareholders. A candidate must be at least eighteen years of age and a voting Shareholder to be qualified.

Our annual meeting of Shareholders is held to elect Directors and conduct any other necessary business. A majority of outstanding shares must be voted in order to establish a quorum and a valid election of Directors at the Annual Meeting. If you are unable to attend, a proxy can be provided.  A Shareholder can vote online, by mailing a proxy, or voting in person at the meeting.

Be sure to vote!

Things to Remember

  • Update your address if you have moved by logging into My Koniag or contacting the Shareholders Services Department to complete an Address Change Form to ensure your record is current so you receive distribution checks and other important mailings.
  • Set up direct deposit if you would like to receive funds the day of distribution by logging into My Koniag or contacting the Shareholders Services Department to submit a Direct Deposit Form. Additional documents are required. Don’t forget to update your bank information if you changed banks or accounts.
  • Submit a completed Name Change Form if your name has changed. Additional documents are required.
  • Notify the Shareholder Services Department as soon as possible when a Shareholder or registered Descendant passes away.
  • Provide a valid Koniag Stock Will or General Will that clearly states who you would like to inherit your Koniag stock. Complete a new will if your name has changed after you have gifted stock, or if you change your mind about who you want to inherit your stock.
  • Submit a Descendant Application Form to register your descendants if you are a voting Koniag Shareholder. Additional documents are required.This will allow us to educate Descendants about Koniag, inform them about future events and program deadlines, and enable them to be eligible for Descendants programs and services, such as scholarships with Koniag Education Foundation.

Shareholder Contact & Conduct Expectation

All employees of Koniag are expected to provide a high level of customer service when interacting with Shareholders. Employee conduct should enhance the reputation of the corporation and reflect the values of Koniag. To promote positive communication, Koniag commits to the following:

  • Engage in respectful communication whether in person, over the telephone, or in writing
  • Value diversity
  • Provide Shareholder assistance in a clear and concise manner
  • Respect confidentiality policies, procedures, and laws
  • Speak and correspond in a professional manner
  • Promote a safe work and business environment
  • Demonstrate positive interactions
  • Be open and honest in all communication

Koniag expects Shareholders to conduct themselves in a courteous and respectful manner when contacting the office, interacting with employees, and attending Koniag meetings and events. To promote positive communication, Shareholders should:

  • Engage in respectful communication whether in person, over the telephone, or in writing
  • Be patient and polite when making requests
  • Refrain from bullying, threatening, or harassment of any kind
  • Respect the office staff, equipment, and property
  • Abide by office rules and follow common office etiquette
  • Do not be impaired by drugs or alcohol

Koniag believes that setting this high standard for all communications between employees and Shareholders will improve outcomes in customer service and meeting Shareholder needs.