Corporate governance is a framework of rules and regulations that governs the leadership, organization, and management of a company. In addition to compliance with laws, rules, and regulations, corporate governance may include compliance with the company’s corporate charter, bylaws, formal policies, customs, and internal processes. The company’s board of directors often directs its corporate governance over a broad range of functions, including financial reporting and disclosures, securities laws, risk management, operating plans and budgets, strategic planning, succession planning, crises management, internal controls, internal audits, preventing foreign corrupt business practices, and executive compensation.

In Alaska, corporate governance is primarily governed by the Alaska Statutes, particularly under Title 10, which deals with corporations and partnerships. These statutes outline the responsibilities and duties of corporate directors and officers, the rights of shareholders, and the procedures for corporate meetings and decision-making. Companies incorporated in Alaska must also adhere to their own articles of incorporation and bylaws, which provide additional rules for governance. Furthermore, publicly traded companies must comply with federal regulations, such as the Sarbanes-Oxley Act, which imposes strict requirements for financial reporting and internal controls to prevent fraud. The Securities and Exchange Commission (SEC) also enforces securities laws that affect corporate governance, including disclosure requirements and prohibitions against insider trading. Additionally, the Foreign Corrupt Practices Act (FCPA) is relevant for preventing corruption in international business practices. Corporate governance in Alaska encompasses a broad range of activities to ensure that companies are managed in the interests of their shareholders and in compliance with applicable laws and regulations.