Dow Receives Perfect Score for Corporate Governance
Dubai, United Arab Emirates - January 11, 2010
The Dow Chemical Company recently received the highest rating possible for corporate governance practices from GovernanceMetrics International (GMI), an independent research and ratings agency. Dow was awarded a perfect overall global score of 10. Only one percent of all the companies evaluated received a score of 10. This year 44 companies, including Dow, out of 4,207 global companies assessed, received a best-in-class rating.
"It is extremely gratifying that our corporate governance and transparency efforts continue to be recognized and validated by a third party expert," said Andrew Liveris, Dow chairman and chief executive officer. "Dow, along with its Board of Directors places a priority on corporate governance and we are committed to maintaining the highest standards. We are proud of our track record of perfect performance in this arena."
GMI ratings provide institutional investors an objective way of assessing corporate governance risk as well as governance leaders in their portfolios. The criteria used to rate companies is based on an appraisal of best practices in corporate governance, statistical analysis, empirical research, stock exchange listing requirements and model corporate governance codes.
About Dow in the Middle East
Dow has a longstanding relationship with the Middle East beginning with the establishment of manufacturing and commercial facilities in the United Arab Emirates and Egypt more than 30 years ago. Since then, Dow has established a solid presence in the Middle East petrochemicals industry, partnering with leading regional companies to set up state-of-the-art petrochemical complexes across the region. For nearly 15 years, Dow and Petrochemical Industries Company K.S.C. (PIC) of Kuwait have shared one successful milestone after another, partnering on five industry-leading joint ventures. Saudi Aramco and Dow are in the formation process of a joint venture to build, own and operate a world-scale manufacturing complex and industrial value park in Ras Tanura. From the entrepreneurship initiatives of Young Arab Leaders to the new Dow Middle East R&D Center at the King Abdullah University of Science and Technology in Saudi Arabia, Dow actively supports the social and economic aspirations of the communities where it operates. For more information about Dow in the Middle East, please visit www.dowmiddleeast.com
For Editorial Information:
The Dow Chemical Company
Reuven Proença or Anan Ibrahim
+971 (0)4 3210 077