The Colorado Stockholder proposal of Occidental Petroleum Corp. aims to implement a policy that requires every officer and director to retire at the age of 70. This proposal puts forward the idea of mandatory retirement for key positions within the company, ensuring that senior executives step down after reaching a specific age. By enforcing this retirement age limit, Occidental Petroleum Corp. seeks to promote a more dynamic and diversified leadership, facilitating the inclusion of fresh perspectives, and fostering a succession planning process within the company. Keywords: Colorado Stockholder proposal, Occidental Petroleum Corp., officer, director, mandatory retirement, age 70, senior executives, leadership, succession planning. Different types of Colorado Stockholder proposals of Occidental Petroleum Corp. related to mandatory retirement at age 70 may include: 1. Colorado Stockholder Proposal for Age-Based Officer and Director Retirement Policy: This proposal outlines the general notion of mandatory retirement at age 70 for all officers and directors within Occidental Petroleum Corp. 2. Colorado Stockholder Proposal for Phased Retirement: This proposal suggests a gradual retirement process instead of an abrupt one, allowing officers and directors to transition their responsibilities and knowledge to successors over a specific period after reaching the age of 70. 3. Colorado Stockholder Proposal for Exceptions to Age-Based Retirement: This proposal highlights certain circumstances where exceptions to the mandatory retirement age of 70 may be granted, such as exceptional performance or the need for continuity in specific roles.
Colorado Stockholder proposal of Occidental Petroleum Corp. to provide that each officer and director be subject to mandatory retirement at age 70
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How to fill out Colorado Stockholder Proposal Of Occidental Petroleum Corp. To Provide That Each Officer And Director Be Subject To Mandatory Retirement At Age 70?
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