Shareholders Agreement and
Bylaws of the Corporation
Shareholders Agreement
As with most Shareholders Agreements, the Shareholders Agreement between Acho Dene Koe First Nation and its EDC (ADK Holdings Ltd) defines how the Nation (as the sole or majority shareholder) governs the corporation while ensuring the business can operate professionally, profitably, and at arm’s length.
This structure is widely used because it helps First Nations:
- Reduce liability exposure
- Separate politics from business decisions
- Maximize profits and protect tax advantages
- Clarify roles, responsibilities, and expectations
Bylaws of the Corporation
Development Corporation bylaws in the Northwest Territories establish the governance framework that enables the corporation to operate with clarity, accountability, and commercial discipline. They define the authority of the board, set standards for financial oversight and risk management, and ensure that business decisions are made independently from political processes. These bylaws protect the First Nation’s interests by clearly separating corporate liability from community governance, providing investors and partners with confidence in the corporation’s structure, decision‑making, and long‑term stability. This foundation allows the corporation to pursue strategic investments, joint ventures, and major project opportunities with professionalism and transparency.
Audited Financial Statements for Acho Dene Koe Group of Companies
Our audited financial statements provide a clear and independent view of our corporation’s financial performance each year. Reviewed by external auditors, these statements confirm that our revenues, expenses, assets, and liabilities are reported accurately and in accordance with recognized Canadian accounting standards. This transparent reporting reflects our commitment to strong governance, responsible management of community-owned assets, and the long-term economic prosperity of our Nation’s group of companies.
Most Recent Audits Links
Most Recent Financial Statements
Most Recent Annual Meeting Minutes
Most Recent Board of Director Meeting Minutes