At Dow, we believe a diverse, experienced, independent and active Board leads to improved decision-making, financial performance and shareholder value. As of June 1, 2021, the Dow Board was composed of Chairman and Chief Executive Officer Jim Fitterling and 10 independent directors who represent different professions and industries, and a diversity of ethnicity, gender and global experience. We also believe in a diverse and talented employee population to innovate the best solutions that meet the needs of our customers and ultimately drive business success.
Dow utilizes non-employee contractors in select roles to (1) enable flexibility with scaling resources to meet short term project staffing needs, (2) meet resource demands where fluctuations may occur more frequently, and/or (3) for work that is not core to Dow’s areas of expertise. There are no significant variations in employment due to tourism or agricultural industries; however, based on economic fluctuations, employment may decline or increase.
Permanent employee: A permanent employment contract is a contract with an employee, for full-time or part-time work, for an indeterminate period. Temporary employee: A temporary employee has an employment contract (can be written, verbal or implicit) that ends when a specific time period expires, or when a specific task that has a time estimate attached is completed.
A temporary employment contract is of limited duration, and is terminated by a specific event, including the end of a project or work phase or return of replaced employees.