Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 21

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 21
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. We believe that this approach helps to align Colgate people into one global team sharply focused on our performance objectives and key strategic initiatives. Compensation-Setting Process Role of the P&O Committee

| The                                                                                                                         
 P&O Committee oversees our executive compensation programs. The P&O Committee does not delegate any of its responsibilities 
 regarding the consideration and determination of executive compensation.                                                    |

The P&O Committee:

| ● | Recommends                                                                               
 and approves, with the participation and concurrence of the other independent directors, 
 the CEO’s performance goals and compensation; the CEO does not play any role in          
 setting his own compensation;                                                            |

| ● | Reviews                                                                                       
 and approves the performance goals and compensation recommended by our Global Human Resources 
 function and the CEO for our other executive officers;                                        |

| ● | References                                                                           
 tally sheets that summarize all material components of compensation in reviewing and 
 approving compensation for executive officers; and                                   |

| ● | Approves                                                                                  
 the peer group companies that are used as a reference point in designing our compensation 
 programs and in setting compensation levels and that our performance is reviewed against  
 for purposes of making awards that are based on relative performance measures.            |

Role of the Independent Compensation Consultant

| The                                                                                                                        
 P&O Committee has engaged FW Cook as its independent compensation consultant. FW Cook is actively involved in advising the 
 P&O Committee on compensation decisions.                                                                                   |

FW Cook, as the P&O Committee’s independent compensation consultant:

| ● | Regularly                                                           
 reviews our executive compensation programs with the P&O Committee; |

| ● | Advises                                                                           
 the P&O Committee on the setting of target compensation levels, the design of our 
 variable incentive plans and the setting of performance goals;                    |

| ● | Helps                                                                                        
 the P&O Committee ensure there is a strong positive relationship between earned compensation 
 and performance, as measured by operating results and changes in shareholder value;          |

| ● | Provides                                                                                     
 observations and recommendations about the peer group companies that are used as a reference 
 point in designing our compensation programs and in setting compensation levels and that     
 our performance is reviewed against for purposes of making awards that are based on relative 
 performance measures; and                                                                    |

| ● | Informs                                                                           
 the P&O Committee of emerging trends and best practices in executive compensation 
 design and related regulatory developments.                                       |

2024 CEO Compensation Review In 2024, the P&O Committee worked with FW Cook to determine the appropriate target level of direct