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MDU Resources Adds Corporate Governance Section to Web Site
Monday July 7, 11:39 am ET
BISMARCK, N.D.--(BUSINESS WIRE)--July 7, 2003--MDU Resources Group, Inc. (NYSE:MDU - News) announced that effective June 30 a corporate governance section had been added to its web site, www.mdu.com. The new section includes information on accountability and integrity; biographical information on the board of directors; charters for the audit, compensation, nominating and governance, and finance committees of the board as well as a list of the members of each of those committees; the company's code of ethics; Securities and Exchange Commission (SEC) filings and SEC Forms 3, 4 and 5 which report purchases and sales of MDU Resources stock by company officers and directors.
"In our 2002 Annual Report we outlined practices we planned to adopt during 2003 to enhance our corporate accountability," said Martin A. White, chairman of the board, president and chief executive officer of MDU Resources. "With the addition of this section to our web site, we have accomplished this goal. This section of the site will be changing over time as new rules and regulations regarding corporate governance evolve. Our board of directors was very supportive of this project and as a result the information we've chosen to include in this new section goes beyond the information required by law at this time. At MDU Resources, our goal has always been to not only comply with the law, but to go beyond what is required. I believe being a good corporate citizen requires that we provide information on the principles that guide our board, board committees and employees to our stockholders and the general public."
MDU Resources Group, Inc. provides energy, value-added natural resource products and related services that are essential to our country's energy, transportation and communication infrastructure. MDU Resources includes electric and natural gas utilities, a natural gas pipeline, utility services, natural gas and oil production, construction materials and mining, energy services and domestic and international independent power production. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the investor relations department at investor@mduresources.com.
