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.

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

2008 West
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
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Today's Top SOA Links

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.


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.

Web 2.0 Latest News
My favorite writer, Gil Press, sums it up with, “It’s Official: The Internet Of Things Takes Over Big Data As The Most Hyped Technology” where he talks about how Gartner released its latest Hype Cycle for Emerging Technologies, and how big data has moved down the “trough of disillusion...
When we talk about the impact of BYOD and BYOA and the Internet of Things, we often focus on the impact on data center architectures. That's because there will be an increasing need for authentication, for access control, for security, for application delivery as the number of potentia...
Last week, I was a keynote speaker at the Mobile Edge '16 conference in Lisbon, Portugal. Following the conference I met individually with many different companies. These companies represented a variety of industries, sizes and digital maturity levels. I was sharing my latest digital ...
Ten short years ago, Apache Hadoop was just a small project deployed on a few machines at Yahoo and within a few years, it had truly become the backbone of Yahoo’s data infrastructure. Additionally, the current Apache Hadoop market is forecasted to surpass $16 billion by 2020. This mi...
COMED, my power company, sends out a monthly report that shows me my energy consumption relative to my neighbors. Every month I’m considerably higher than all my neighbors. This report also has a list of things I could do to reduce my energy consumption. The problem with this report is...
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 Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers