By negotiating their land claim agreement, the Inuvialuit have consolidated their autonomy as a Nation. Even though the treaty did not formally include self-government, they are running as a de facto self-government (Wilson & Alcantara, 2012). The corporate governance structure provides Inuvialuit beneficiaries with governance benefits such as representation, income through employment and/or profits, regulatory powers regarding fishing, wildlife harvesting, land, and protection of the environment (Wilson & Alcantara, 2012). Inuvialuit Regional Corporation's responsibility is to its beneficiaries - the Inuvialuit community - so their work must support the Inuvialuit traditions, values and way of life. The Development Corporation is 100% staffed by Inuvialuit (Inuvialuit Regional Corporation, n.d.), and Elders are given a role since they hold significant importance within Inuvialuit communities (Wilson & Alcantara, 2012). A distinctive aspect of the (Inuvialuit Regional Corporation is how their economic activities incorporate Inuvialuit responsibilities and values (Selle & Wilson, 2021).

The purchase of the reindeer herd is an important step toward addressing the "food security crisis" (Fillion, Laird, Van Pelt, Archie, & Chan, 2014) in the Inuvialuit settlement area. Food security has long-term implications, and securing a stable source of meat for the beneficiaries of the Inuvialuit Settlement Agreement will improve the well-being and health of everyone in these Inuvialuit communities. A stable food source is an important outcome as the Inuvialuit and all Inuit experience food insecurity at disproportionately high levels than the general Canadian population. For example, their level of food insecurity is at 62.6% versus 7.7% of Canadian households (Fillion et al.). Furthermore, 27.2% of Inuvialuit and Inuit households are considered "severely food insecure" (Fillion et al.). The Inuvialuit Regional Corporation (IRC) has collaborated with the Inuit Health Survey (IHS) and they found that reindeer meat and traditional foods are important sources of nutrients and are central to cultural identity (Fillion et al.).