DOW | 2021 ESG REPORT | 75 CORPORATE GOVERNANCE INSTRUMENTAL TO ACCOUNTABILITY Accountability in Action For 125 years, Dow has built an invaluable asset: our reputation for operating with the highest ethical standards. Dow’s values of Respect for People, Integrity and Protecting Our Planet are fundamental to how we work and all that we do. Adhering to these values helps us create and maintain a culture that supports sustainable business growth and serves as the foundation of our corporate governance. At Dow, we take pride in our strong corporate governance structure and firmly believe it creates long-term value for our stockholders, strengthens accountability and builds trust in our company. OUR APPROACH RECENT ACTIONS Dow continually evaluates enhancements to our corporate governance, ESG and executive compensation practices through our engagement with key stakeholders – including our stockholders. Independent Board oversight of strategy, risks and opportunities. Maintaining a Board with diverse backgrounds and relevant skills and experiences. Aligning ESG approach and goals with the company’s largest areas of enterprise risk and opportunity. Designing compensation programs to support our business and ESG priorities. Engaging regularly and receiving feedback from a wide variety of stakeholders , including stockholders, customers, suppliers and employees. Ensuring a culture of integrity through an effective code of conduct and ethics program. 5 new members of Dow’s Board in the last 3 years are women or U.S. ethnic minorities Strengthened the link between ESG progress and compensation through annual employee compensation programs Continued to outpace S&P 500 for board diversity with Improved Climate Risk Disclosures and GHG intensity metrics for better comparison to peers Reinforced ESG oversight and accountability in the responsibilities of our Board committees Comprehensive ESG disclosures aligned to GRI, GHG Protocol, TCFD, SASB and WEF 33% 33% Women U.S. ethnic minorities