Inuvialuit Regional Corporation (IRC) was established in 1984 to manage the settlement outlined in the Inuvialuit Final Agreement (IFA). The organization represents Inuvialuit interests in dealings with governments and the world at large. The goal at IRC is to continually improve the economic, social and cultural well-being of Inuvialuit through implementation of the IFA and by all other available means. This is accomplished through an operating philosophy of teamwork, dedication and coordination, in both planning and action. IRC's head office is located in Inuvik, Northwest Territories. Over 180 employees (full-time and casual) work for the corporation. Over 80 per cent of staff are Inuvialuit beneficiaries, including those at the senior management level. IRC is committed to increasing the number of employed beneficiaries throughout all levels of the organization.