Though the First Nation's official name registered with the Indian and Northern Affairs Canada is "North Caribou Lake First Nation," the Nation is located on Weagamow Lake, thus also known as "Weagamow First Nation" or by the literal translation of the Oji-Cree word Wiyaagamaa—"Round Lake."
The First Nation elect their officials through a Custom Electoral System, consisting of a Chief and seven Councillors. The current Chief is Dinah Kanate, She is the second Lady Chief elected, the current elder Councillor is Raymond Adams. The Nation's council is headed by Innes Sakchekapo, with the other five Councillors being Roy Sakchekapo, Grace Matawapit, Paul Johnup, Evelyn Hattie and Harry Sakchekapo.
As a signatory to the 1929 Adhesion to Treaty No. 9, North Caribou Lake First Nation is a member of the Windigo First Nations Council, a Regional Chiefs Council, and Nishnawbe Aski Nation, a Tribal Political Organization that represents majority of First Nation governments in northern Canada. Signatories for the Nation, July 18, 1930, were Apin Kakapeness, Jonas Wasakimik, Samuel Sawanis, John Quequeish, Patrick Kakekayash, and Senia Sakchekapow, all of whom signed in Syllabic.