Indigenous communities typically have very established and successful traditional governance models that have helped them survive for centuries, work well together and preserve their cultures and traditions. Many communities have identified, however, that their traditional governance systems lack an economic arm that can develop business opportunities, enter into contracts and partnerships and create a cash-based economy to supplement their traditional way of life.
Indigenous Trust co-Founder P. Jerry Asp studied Aboriginal economic governance structures across Canada and looked at the main reasons why some succeeded and some failed. Conclusive evidence suggested that 97% of Canadian Aboriginal economic entities which did not succeed, failed because they did not separate the political and economic arms of the community. Corruption and inefficiencies were most prevalent reasons for downfalls. A separate entity must be created that is solely responsible for economic activity, yet remains true to traditional values and norms.
Through Canadian best-practices of economic structures on Aboriginal lands, particularly Economic Development Corporations which are run for and by the community, Indigenous Trust has developed a governance process that has proven widely successful in Canadian Aboriginal communities. We assist indigenous communities develop their own process and model that reflects their own traditions and aspirations, using tried and true best practices.