Corporate News Release December 2020

Updated: Jul 22, 2021

To our stakeholders, the Members of the Little Red River Cree Nation, welcome to the first of what will be a quarterly sharing of information on the activities of your Group of Companies.

In March of this year the LRRCN finalized a restructuring of the companies separating the corporate organization from the LRRCN and placing them under the governance of a separate Board of Directors.

Why was this done?

There were several sound reasons supporting this decision.

The first was to protect Chief and Council from any litigation or liability related to the operation of the businesses and to allow Chief and Council to focus their time on governing LRRCN.

Secondly, to ensure the corporate group is focused on economic growth to generate profits from sources external to LRRCN which can flow back to LRRCN for the long-term benefit of members.

Another reason was to obtain external business expertise from individuals with significant business experience to support the development of new business ventures and existing businesses.