Dow Chemical stockholders reject proposal to appoint independent board chairman at 115th AGM, ratify appointment of Deloitte & Touche as independent auditor

MIDLAND, Michigan , May 10, 2012 (press release) – Stockholders of The Dow Chemical Company (NYSE:DOW) today elected Arnold A. Allemang, Jacqueline K. Barton, James A. Bell, Jeff M. Fettig, John B. Hess, Andrew N. Liveris, Paul Polman, Dennis H. Reilley, James M. Ringler and Ruth G. Shaw to the Company’s Board of Directors for one-year terms during the Company’s 115th Annual Meeting.

Biographies for all directors may be found in the Proxy Statement or on Independent directors comprise the substantial majority of the Board.

Stockholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditor for 2012.

In other business, preliminary voting results indicate that stockholders have approved an advisory vote on executive compensation and two management-sponsored proposals related to Dow’s employee equity incentive and stock purchase plans.

Preliminary voting results also indicate that two stockholder-sponsored proposals have been defeated: one regarding shareholder action by written consent, and another requesting a policy requiring an independent board chairman.

The final voting results on all agenda items will be available in a Form 8-K to be filed by the Company and at after certification by the Company’s inspector of elections. The meeting is available via webcast on Dow’s website.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.