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Awards
Dow also benefits from validation of a different sort. From time to time, independent organizations bestow awards based on our Triple Bottom Line efforts. In 2003, Dow had the honor of receiving the following awards and recognition:
Dow Selected World Technology Corporate Award Winner
Dow is the 2003 winner in the corporate category of the World Technology Awards. The World Technology Network presented the award for Dow’s innovative contributions to advanced materials technology and the positive impact the new technologies have had on society. This award honors individuals and corporations who are innovators and those "doing the work of the greatest likely long-term significance," according to James P. Clark, founder and Chairman of the World Technology Network.
Dow Receives Outstanding Corporate Innovator Award
The Dow Polyolefins and Elastomers Business Group received the 2003 "Outstanding Corporate Innovator Award" from the Product Development & Management Association (PDMA). This was the first time in its 27-year history that the PDMA selected a chemical manufacturing company for the association’s most prestigious honor. "The Outstanding Corporate Innovator Award" is designed to showcase those organizations that are the most successful in developing new products as well as an enterprise-wide commitment to innovation.
Dow XLA Fiber Wins R&D MAGAZINE "R&D 100" Technology Award
Dow XLA* elastic fiber, the new Freedom Fiber* from Dow fiber solutions, won the R&D MAGAZINE prestigious 2003 "R&D 100" technology award. This award is given to the most technologically significant products introduced into the marketplace over the past year. Recipients are selected by an independent judging panel consisting of professional consultants, university faculty and industrial researchers, as well as the editors of R&D MAGAZINE.
Dow Receives ASTD 2003 "BEST" Award
Dow received the 2003 BEST Award from the American Society for Training & Development (ASTD) in Washington, DC on October 29. Emily DeRocco, Assistant Secretary for the Employment and Training Administration of the U.S. Department of Labor, presented the award.
The ASTD BEST Awards recognize organizations that demonstrated enterprise-wide success as a result of employee learning and development. Ranked eighth, Dow is among 23 organizations from the United States, Canada, Hong Kong, and India receiving an ASTD BEST Award.
Dow Brazil Wins Sesi Quality in the Work Award
In Brazil, two units received the Sesi Quality in the Work Award: Aratu and Pindamonhangaba. The award is given to companies whose policies improve the quality of life, productivity and offer social benefits to employees.
Dow Among Argentina’s Most Admired
CLARION, Argentina's largest newspaper, listed Dow as one of the country's most admired companies. Dow was ranked number 41 out of 100 and number one in the chemical manufacturing sector. Dow was the company with the most improved ranking in 2003, moving up from number 74 in 2002.
2003 Lantern Award Presented to Dow in Louisiana
Dow’s Louisiana (US) sites were awarded the 2003 Lantern Award. The Louisiana Economic Development and the Louisiana Industrial Development Executives Association presented the award to Dow for "outstanding contributions to the Louisiana economy and responsible stewardship within the community."
Outstanding Corporate Directors
Dow's Directors are often recognized for achievements in their respective areas of expertise as well as in corporate governance, all of these skills collectively contributing to a stronger Board.
During 2003, two of Dow's outside Directors were recognized for their leadership by Director's Alert magazine. J. Michael Cook, former chairman and CEO of Deloitte & Touche LLP, and John C. Danforth, partner of Bryan Cave LLP and former U.S. Senator, were named "Outstanding Directors in Corporate America" by the publishers and editors of DIRECTOR'S ALERT magazine. DIRECTOR'S ALERT launched the program in 1998 to honor outstanding independent corporate directors. Mr. Cook was praised by his peers for “bringing new levels of sophistication, rigor, and energy to audit committee work,” and Mr. Danforth was extolled for his “integrity and tough standards to enhance social responsibility.”
Barbara Hackman Franklin, president and CEO of Barbara Franklin Enterprises and former U.S. Secretary of Commerce, is the fourth current Dow Director to receive this Outstanding Director in Corporate America award and will be honored in mid-2004. Harold Shapiro, president emeritus and professor of economics and public affairs, Princeton University, was so honored in 1999. Dr. Shapiro and Ms. Franklin, a board member of the National Association of Corporate Directors (NACD), both served on the NACD Blue Ribbon Commission on Executive Compensation and the Role of the Compensation Committee. Ms. Franklin acted as co-chair.
®™* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow
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