Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 10

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 10
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 process, directors share perspectives, feedback and suggestions throughout the year, both during and outside of Board and committee meetings. Individual Director Evaluations Complementing the annual Board and committee self-evaluations, the Board has also developed an individual director evaluation process to be used every three years. Using director effectiveness criteria selected by the Board following consultation with an external facilitator, directors evaluate their peers and the resulting feedback is shared with individual directors by the external facilitator. This process, which the Board most recently conducted in 2023, enables directors to provide valuable feedback to one another and identifies areas of strength and areas of focus for enhanced effectiveness. Director Orientation and Ongoing Education We have a comprehensive orientation program for all new directors with respect to their role as directors. New directors meet with representatives from all of Colgate’s global functions in their first few months to learn about Colgate’s business and strategy, research and development, executive compensation policies and practices, supply chain, sustainability, litigation and corporate governance policies. In addition, outside experts periodically present to the Board on various subjects. During 2024, such subjects included governance, marketing strategy and consumer insights and executive compensation trends. From time to time, our directors also visit Colgate operations, deepening their understanding of our business. In 2024, they visited our global technology center in Piscataway, New Jersey. The Board of Directors The Board oversees our strategy, business, performance, assets, affairs, culture, values and financial integrity. In accordance with our longstanding practice, the Board is independent, consisting of a substantial majority of outside directors. Currently, the Board has ten directors, with nine independent directors and one employee director, Noel Wallace, who is our President and CEO and Chairman of the Board. During 2024, the independent directors met in executive session without Mr. Wallace or other members of management present at every regularly scheduled Board meeting.

| The                   
 Board met seven       
 times during 2024. On 
 average,              
 the incumbent         
 directors attended    
 99%                   
 of                    
 the meetings of       
 the Board and the     
 committees on which   
 they served in 2024.  |

Director Experience, Skills and Qualifications The Board selects director candidates based on the recommendation of the NGCR Committee. The NGCR Committee identifies, screens and recruits potential candidates for membership on the Board of Directors, taking into account the needs of Colgate and the Board at the time as well as anticipated future needs. We have engaged a third-party international executive search firm to assist the NGCR