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Dow regarded as preferred company for female executives
20
Mar '09
The Dow Chemical Company was named a 2009 Top 50 Company for Executive Women by the National Association for Female Executives (NAFE), a prestigious designation for demonstrating the advancement of women within the company.

“We are truly proud and honored to be recognized by NAFE – to be able to say that our company has contributed to the advancement of women through practices that nurture a culture that make it not only a possibility, but a reality. This external recognition is strong verification of our efforts over many years to give diverse candidates an opportunity to grow and develop into top leaders in Dow,” said Carol Dudley, senior vice president, Basic Chemicals at Dow.

"This honor validates our work to create an inclusive work environment and to continually remove artificial barriers and obstacles to the full engagement of all our employees," said Jerry Pritchett, Dow's Global Director, Talent Management and Diversity & Inclusion. "From flexible work to executive education, we are committed to creating a workplace where high performance thrives."

To be named to the NAFE Top Companies for Executive Women, companies with a minimum of two women on the board completed a comprehensive application that focused on the number of women in senior ranks (compared to men and to the company population), including questions about the programs and policies which support women's advancement.

In addition to corporate programs and policies dedicated to advancing women, NAFE measured results, examining the number of women in each company overall, in senior management and on its board of directors. NAFE drew particular attention to the number of women with profit-and-loss responsibility.

“NAFE applauds the strides taken by our Top Companies, and urges further action across the board. It's essential that companies realize that workplace equality is more than a moral obligation—it's a fiscal one,” said Betty Spence, NAFE president.“Currently, women hold less than 10 percent of the jobs responsible for profit-and-loss at our largest corporations, with an alarming 19 percent decline in recent years. Those companies with women running operations and making major decisions will have a significant competitive advantage.”

The Dow Chemical Company

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Courtesy: AWI

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