What IS MESKWAKI, INC.?
Meskwaki, Inc. is a tribal company wholly-owned by the Sac & Fox Tribe of the Mississippi in Iowa. Our mission is to use the Tribe's various economic and legal advantages to develop and operate successful tribally-owned business enterprises; to provide meaningful jobs and opportunities for Tribal members; and, to provide the Tribe with an adequate income stream from its business operations so the Tribe may reach total economic self-sufficiency.
Meskwaki, Inc. is incorporated under specific provisions of the Tribal Corporate Code dealing with wholly-owned tribal corporations. It is used as a holding company for economic development and business entities. Under the Tribe's corporate code, the Corporation is operated by a Board of Directors appointed by the Tribal Council. The Board consists of five members. In order to ensure the long-term objectives of the Tribe are considered and to enhance communication, two members of the Board are Tribal Council members. To ensure community involvement, a third member of the Board is a tribal member. To ensure broad business knowledge, the fourth and fifth members may be individuals from outside the Meskwaki Community who are experienced in business and corporate governance. The Tribe is the sole shareholder of Meskwaki, Inc. and the Tribe's interest is held and voted by the Tribal Council.
Meskwaki, Inc. is about businesses prospering through strong leaders and semi-independence. In general, our model is to have a strong Group Manager who runs each business, with the CEO, COO and CFO in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We’ll also make sure we have a great Group Manager for each business, and we’ll determine their compensation. In addition, with this structure we plan to implement segment reporting where each business reports its financials separately, then we report on both a separate and a consolidated basis.