Company: CHD
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001193125-25-059273
Chunk: 28

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 28
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| CORPORATE GOVERNANCE |

| • |     | Our stock ownership guidelines require that our executives hold a significant amount of our common stock to further align their interests to the interests of our stockholders on a long-term basis. |

Our Board of Directors believes that our compensation system, our division of risk oversight responsibilities, and our Board of Directors’ leadership structure comprise and support the most effective risk management approach. BOARD OF DIRECTORS LEADERSHIP STRUCTURE The Corporate Governance Guidelines provide that our Board of Directors may determine from time to time what leadership structure works best for our Company, including whether the same individual should serve both as Chairman of our Board of Directors and Chief Executive Officer. In addition, the guidelines provide that if the same individual serves as Chairman of our Board of Directors and CEO, or the Chairman is otherwise not independent, our Board of Directors shall have an independent Lead Director, as selected by the independent members of the Board. In January 2025, the Board decided to split the Chairman and CEO roles, following the September 2024 announcement that (i) Mr. Dierker would be elected as President and CEO and appointed to the Board of Directors, effective April 2, 2025, and (ii) Mr. Farrell will continue as the Non-ExecutiveChairman of the Board through September 30, 2025 (the “Effective Date”). On March 18, 2025, Mr. Farrell submitted his resignation from his position as Chairman and a member of the Board, effective as of the close of business on the Effective Date. The Board believes that contemporary governance practices suggest that the former CEO of a public company should continue to serve as a director for a limited transition period after retirement from the CEO role. Accordingly, Mr. Farrell complied with the Board’s desire that he resign from the Board as of the Effective Date. However, Mr. Farrell’s decision to resign from the Board is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Additionally, Mr. Saligram will continue in his role as Lead Director through the Effective Date, and the Board has appointed Mr. Saligram to be the Chairman as of the close of business on the Effective Date, contingent upon his election to the Board at the Annual Meeting. We also believe it is important to provide effective leadership and representation for our independent directors. Therefore, the Board created the Lead Director role as an integral part of a leadership structure that promotes strong, independent oversight of