The Audit committee provides a direct and open avenue of communications between Ashland's internal auditors, its independent auditors and the board of directors. The committee recommends the selection of Ashland's independent auditors; reviews the scope and findings of external and internal audits; and assesses the adequacy of Ashland's policies, procedures and internal controls.

Members of the Audit committee for 2009 are:

• Roger W. Hale (chairman)
• Dr. Bernadine P. Healy
• Kathleen A. Ligocki
• Mark C. Rohr
• George A. Schaefer, Jr.

The Finance committee reviews Ashland's financial policies, needs and structure and oversees significant financial issues such as capital structure, dividend action, debt or equity securities offerings and major borrowing. In addition, the committee reviews financial audits of capital expenditures and oversees the funding policy for employee benefit plans.

Members of the Finance committee for 2009 are:

• Michael J. Ward (chairman)
• Roger W. Hale
• Vada O. Manager
• George A. Schaefer, Jr.
• Theodore M. 'Tim' Solso

The Governance & Nominating committee recommends nominees for the board of directors; the desirable size and composition of the board; and the elements of director compensation. The committee also oversees the board's annual review of director performance.

Members of the Governance & Nominating committee for 2009 are:

• George A. Schaefer, Jr.( chairman)
• Dr. Bernadine P. Healy
• Barry W. Perry
• T. M. Solso
• John F. Turner

The Personnel & Compensation committee approves salaries of corporate officers and participation in, and awards under, Ashland's incentive plans. The committee also oversees compensation, hiring and performance evaluation policies and the administration of various employee compensation, benefit and retirement plans.

Members of the Personnel & Compensation committee for 2009 are:

• T. M. Solso (chairman)
• Kathleen A. Ligocki
• Vada O. Manager
• Barry W. Perry
• Michael J. Ward

The Environmental, Health, & Safety committee monitors public issues that have an impact on the company. It also oversees Ashland's environmental, health and safety compliance practices.

Members of the Environmental Health & Safety committee for 2009 include:

• Kathleen A. Ligocki (chairman)
• Dr. Bernadine P. Healy
• Barry W. Perry
• Mark C. Rohr
• John F. Turner