Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


NACA Responds to Rep. Markey's Proposed Legislation

Markey Seeking to Fix a Problem that Does Not Exist

WASHINGTON, Jan. 9, 2013 /PRNewswire-USNewswire/ -- The Native American Contractors Association, whose members include many of the twelve (12) Alaska Native Regional Corporations ("Regional Corporations") created under the Alaska Native Claims Settlement Act ("ANCSA"), responds to the Government Accountability Office's (GAO) Regional Alaska Native Corporations, Status 40 Years After Establishment and Future Considerations report ("Report") and Rep. Edward Markey (D-MA 12) for his proposal to "fix" a problem that does not exist.

(Logo: http://photos.prnewswire.com/prnh/20110325/MM71964LOGO)

The Report, requested by Rep. Markey, examines the structure, history, and finances of the regional Alaska Native Corporations ("ANCs"). The Report for the most part does an excellent job of outlining the history and structure of ANCs, while discussing the myriad of ways the corporations provide for Alaska Natives--their shareholders—which are unique to ANCs.

However, NACA is disappointed with the focus the Report places on financial reporting, which we believe is misguided. There are two ways the Report is flawed.  First, the Report fails to realize and recognize the mandate of self-determination that Congress built into the Alaska Native Claims Settlement Act (ANCSA).  NACA's Executive Director, Kevin Allis stated, "It's this important policy of 'self-determination' that shapes the structure of the Regional Corporations, whereby shareholders that are all Alaska Natives vote to elect boards of directors to govern the ANCs." He continued, "Second, with respect to financial reports, the Report does not properly recognize the fact that the Regional Corporations all follow generally accepted accounting principles (GAAP), have annual audits conducted in accordance with generally accepted auditing standards (GAAS), and are not entities whose shares are publicly traded."  The tenor of the Report could cause a reader to surmise that something is amiss, based solely upon the flawed notion that the Regional Corporations are not filing reports under securities laws that were designed for publicly-traded entities.

Despite the strong accounting principles utilized by ANCs, the Report and Rep. Markey attempt to find something wrong, insinuating that the Regional Corporations are not transparent to shareholders, nor to the state agency that regulate all corporations in Alaska. Federal securities laws were never designed to apply to closely held corporations, much less Alaska Native Regional Corporations. 

While the Report focuses greatly on financial reporting, it did not include any findings, nor provide any recommendations for Congress to enact. Unfortunately, Rep. Markey announced plans to introduce legislation to "fix" a problem that does not exist. Mr. Allis cautioned, "the Report did not find any fraud or suspicion of fraud with how the Regional Corporations manage their operations, and how they generate shareholder value. I do not understand what purpose such legislation would serve."

While the GAO Report highlights much of the good that ANCs perform for shareholders and employees, its focus on financial reporting requirements that do not apply to non-publicly traded companies unfortunately has created an effort to single out these closely held corporations. ANCs have served their shareholders well, and operate in the commitment of self-determination. Congress should allow these companies to perform as Congress intended them to operate, rather than pursue legislation that does not benefit Alaska Native shareholders.   

For more information, please contact Kevin Allis at (202) 758-2676.

NACA is a national Native advocacy organization based in Washington, D.C., and represents Tribal, Alaska Native Corporations, and Native Hawaiian Organizations across the country. NACA seeks to protect the economic self-sufficiency of America's indigenous people that is enhanced through the participation of its members in the SBA 8(a) program. NACA's members represent and provide benefits for nearly 700,000 Tribal members, Alaska Natives, and Native Hawaiians.

SOURCE Native American Contractors Association

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
DevOps is a discontinuous innovation in the way organizations develop and deliver software. And as with any new discontinuous innovation, the implication is that creative destruction will follow. Companies that hold on to legacy business and technology models, without pursuing the ev...
What are the benefits of using an enterprise-grade orchestration platform? In their session at 15th Cloud Expo, Jeff Tegethoff, CEO of Appcore, and Kedar Poduri, Senior Director of Product Management at Citrix Systems, will take a closer look at the architectural design factors neede...
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and ma...
Here’s the presentation I gave at the Linux Foundation’s CloudOpen in Dusseldorf on October 13, 2014 titled Mixing Your Open Source Cloud Cocktail Add two parts virtualization, one part orchestration add a little networking shake and pour. Unfortunately cloud computing isn’...
There's fog coming to the world of IT. Some people are calling this "The Cloud." This fog turns everything inside out. It will take your monolithic applications, the guts of which are contained within large bodies of code, and break them apart so that discrete units of functionality a...
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g.,...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE