What governance structure did ANCSA create, and what are the roles of each component?

• A. Regional corporations hold large land selections and funds; village corporations manage village lands; shareholders own stock and elect boards for community development.
• B. Regional corporations administer education; village corporations run health services; shareholders vote on federal laws.
• C. Regional corporations manage only cultural programs; village corporations own all land; shareholders do not participate in governance.
• D. Regional corporations have no land; village corporations own regional lands; stock ownership is symbolic.

Answer: (A)