The Mississippi Stockholder proposal of Occidental Petroleum Corp. regarding mandatory retirement at age 70 for each officer and director aims to address the company's corporate governance structure. This proposition is intended to bring about age diversity and potentially infuse fresh perspectives into the decision-making process within the organization. By mandating retirement at age 70, the proposal seeks to ensure that there is a regular turnover of leadership positions while promoting the inclusion of newer generations with different experiences and approaches. Keywords: Mississippi, Stockholder proposal, Occidental Petroleum Corp., mandatory retirement, officer, director, age 70, corporate governance, age diversity, decision-making, turnover, leadership positions, newer generations, experiences, approaches. Different types of Mississippi Stockholder proposals related to mandatory retirement at age 70 for officers and directors of Occidental Petroleum Corp. can include: 1. Age Limit Adjustment: This proposal suggests modifying the retirement age from the current age limit to a higher or lower number than 70, depending on the specific needs and circumstances of the corporation. 2. Phased Retirement: This variation proposes a gradual transition instead of a sudden retirement at age 70. Directors and officers would be encouraged to reduce their responsibilities gradually, allowing for a smoother transfer of knowledge and continuity within the company. 3. Exceptions and Extensions: This type of proposal highlights the need for flexibility in certain cases whereby competent officers or directors who have reached the age of 70 can continue serving the company based on their exceptional contributions, expertise, or other relevant factors. 4. Succession Planning and Mentoring: This proposal emphasizes the implementation of an effective succession planning program to ensure a seamless transition of leadership positions. It could also encourage the mentoring of younger executives to prepare them for future roles within the company. 5. Performance Evaluations: A proposal of this nature suggests incorporating regular performance evaluations to assess the competence, abilities, and effectiveness of officers and directors nearing retirement age. This evaluation process could determine whether retirement should be mandatory or if extensions could be granted based on performance. These are potential variations of Mississippi Stockholder proposals pertaining to mandatory retirement at age 70 for officers and directors of Occidental Petroleum Corp. Each proposal aims to address specific aspects of corporate governance, board composition, and leadership renewal within the company.
Mississippi 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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The Audit Committee of the Board of Directors of Occidental has selected KPMG LLP as independent auditor to audit the consolidated financial statements of Occidental and its subsidiaries for the year ending December 31, 2021.
Occidental has previously been accused of inflating the role of carbon dioxide removal when it told investors that it could capture 10 gigatonnes by 2030. IPCC author Zeke Hausfather thinks ?carbon dioxide removal is an important part of getting to net zero?.