The Inuvialuit Development Corporation (IDC) is a diversified investment, venture capital and management holding company, wholly owned by the Inuvialuit Regional Corporation (IRC). IDC receives its mandate from the Inuvialuit Final Agreement, finalized in 1984. The IFA's economic tenets are full Inuvialuit participation in the northern Canadian economy and integration into Canadian society through development of an adequate level of economic self-reliance and a solid economic base. Incorporated in 1977, IDC has worked methodically to generate wealth, build a sustainable financial legacy, and return secure and long-term benefits to our shareholder.
In support of our mandate, IDC has established the following goals:
- IDC will pursue investment diversification, taking advantage of attractive opportunities and managing risk in its portfolio. All business investments will adhere to criteria laid out in our business plan, generate sustainable profits, provide solid return on investment for our shareholder, and contribute to beneficiary dividends.
- IDC will strive to add value to all its stakeholders by providing contacts with other companies; proven northern expertise and context; and professional management oversight where required.
- IDC will monitor results throughout its portfolio, with a view to building capacity, ensuring accountability and enhancing profitability. This will be done by establishing and adhering to a set of clear performance expectations and metrics/scorecard for performance appraisal and reporting.
- IDC will continue to build meaningful Inuvialuit participation, both within the corporate office and throughout its subsidiaries and partners. Our Northern and local expertise is a vital component of our unique value proposition.