Arabian American's Board of Directors Joins National Board Leadership Organization Through NACD membership, the Company demonstrates the highest standards of corporate governance and upholds exemplary board leadership
SUGAR LAND, Texas, Feb. 4, 2014 /PRNewswire/ -- Arabian American Development Co. (NYSE: ARSD), a leading provider of high purity specialty chemicals and 35% owner of Al Masane Al Kobra Mining Company ("AMAK"), announced today that the company's board has joined the National Association of Corporate Directors as full board members.
NACD Full Board Member companies range from Fortune 50 corporations to small- and mid-cap companies, as well as public, private and nonprofit organizations. Through their membership, these companies become part of a diverse director community and have the opportunity to share and gain proprietary insights about current and emerging issues and to take part in NACD's world-class director education programs.
"By joining NACD, Arabian American Development Company is poised to enhance the skills of its directors and prepare the boardroom for future challenges," said Ken Daly, president and CEO of NACD. "NACD is privileged to serve as Arabian American's boardroom steward."
Acting as the "voice of the director," NACD speaks up on behalf of its members to regulators and influencers, such as the Securities and Exchange Commission and the U.S. Chamber of Commerce, among others, on matters of crucial importance to directors.
Now joining this collective director voice, Arabian American's outstanding board of directors show a commitment to high standards in boardroom leadership, as well as increasing investor confidence in their professionalism. Its members are: Nick Carter, Chairman of the Board, Ghazi Sultan, Allen P. McKee, John R. "Dick" Townsend, Joseph P. Palm, and Gary Adams.
"We are honored to join the distinguished and diverse group of directors who comprise NACD's Full Board Members," said Nick Carter, President and Chief Executive Officer or Arabian American. "The resources, insights and connections NACD offers will be key assets to our company."
A larger sample of NACD's Full Board Member companies is available at nacdonline.org/Members.
To learn more about NACD, visit www.NACDonline.org. To join, contact Kelly Dodd at kkdodd@NACDonline.org or 202-380-1891.
About Arabian American Development
ARSD owns and operates a petrochemical facility located in southeast Texas, just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and a 35% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company. For more information about Arabian American Development, visit arabianamericandev.com.
The National Association of Corporate Directors is the only membership organization focused exclusively on advancing exemplary board leadership for directors by directors. Based on 35 years of experience, NACD identifies, interprets, and provides insights and information that corporate board members rely on to make sound strategic decisions, confidently confront complex business challenges and enhance shareowner value. With more than 13,000 members, representing public, private and nonprofit boards, NACD provides world-class director education, director training and proprietary research about leading boardroom and corporate governance practices to promote director professionalism and bolster investor confidence. Additionally, NACD provides independent board evaluations and custom-tailored in-boardroom education and training programs, as well as director-led conferences, forums and peer-exchange learning opportunities to share ideas about current and emerging issues.
Genesis Select Corp.
Nick Carter, President and Chief Executive Officer
SOURCE Arabian American Development Co.