Goldbelt Elections: FAQs

What is the Goldbelt Election Process?

Goldbelt conducts open elections for shareholders with voting shares who are 18 years or older. Shareholders can apply for a position on the Board of Directors by submitting an online application during the Candidate Acceptance Period. All candidates must also pass a background check.

For more information about the Goldbelt election process, including rules and deadlines, please visit the Election Connection page on MyGoldbelt.com.

What Does Serving on the Board Mean?

Goldbelt’s Board of Directors oversees the corporation’s operations, financial performance, and compliance. Directors are expected to attend regular board meetings, special meetings, strategic planning sessions, committee meetings, shareholder meetings, and the Annual Meeting of shareholders.

Board Directors are compensated for their attendance at board meetings. They receive a stipend per meeting and are provided with travel, meals, and lodging for meetings outside the state of Alaska.

What Are the Responsibilities of a Goldbelt Board Director?

Board Directors are responsible for:

• Overseeing CEO selection, evaluation, and succession planning.

• Managing the corporation through governance of operations, financial performance, and reporting.

• Ensuring compliance with regulations and assessing business risks.

• Discharging the duty of loyalty and care in accordance with the laws of the State of Alaska and Goldbelt’s Bylaws.

• Continuously developing board governance knowledge and understanding.

What Are the Expectations for Directors?

Directors must attend 12 regular board meetings per year, usually held monthly, and other special or strategic planning meetings. Travel is required for meetings that may occur within and outside the state of Alaska. Some meetings may take place on weekends.

How Are Directors Compensated?

Goldbelt Board Directors receive a flat monthly fee and a stipend for each board meeting attended (excluding committee meetings). Directors are reimbursed for airfare, meals, and lodging during travel.

What Are the Legal and Governance Guidelines for Board Directors?

Board Directors are expected to follow:

• The Alaska Native Claims Settlement Act (ANCSA)

• Alaska Corporate Code

• Goldbelt Articles of Incorporation and Bylaws

• Robert’s Rules of Order

• Goldbelt Board of Directors election rules, code of conduct, and business ethics

• Goldbelt Governance policies and Special Rules of Order adopted by the Board

For more information on Goldbelt’s election rules, candidate applications, and deadlines, visit the Election Connection page.