Makivvik's principal responsibility is the administration of Inuit lands and the over CA$120 million in compensation funds it has received under the terms of the James Bay and Northern Quebec Agreement of 1975 and the more recent offshore Nunavik Inuit Land Claims Agreement that came into effect in 2008.
It has a mandate to use those funds to promote the economic and social development of Inuit society in Nunavik.
The corporation is run by a five-member executive committee including a president and a 16-member board of directors.
Makivvik has a number of wholly owned subsidiaries and joint ventures active in Nunavik.
Makivvik's joint ventures are primarily firms co-owned with other Inuit development funds.