Arctic Slope Regional Corp., a billion-dollar Alaska Native regional corporation, sanctioned a member of its board of directors for publicly criticizing the firm and for speaking to the media.

David Masaak Leavitt was elected to the board last year on a reform platform. In an interview with The Anchorage Daily News last May, he called for ASRC to cut management salaries and increase shareholder dividends and said the firm needed to do more to respond to shareholders' concerns.

In response, the board removed Leavitt from the ethics committee and revoked his honorarium until he signed a confidentiality statement. Only the board as a whole or the CEO can speak to the media, the firm said. Leavitt published two letters of apology in the ASRC newsletter.

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Company censures critical director (The Anchorage Daily News 9/29)
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Relevant Links:
Arctic Slope Regional Corp - http://www.asrc.com

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