Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 12

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 12
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 Past                                                                                                                           
 experience serving as a director of another U.S. public company.                                                               |

| 18 |

Governance Director Independence As described above, the Board has adopted director independence standards that are stricter than those required by the listing standards of the NYSE. Specifically, a director is not considered independent if the director has any relationship with Colgate or our senior management or with another director or any other person that in the Board’s judgment may impair the director’s ability to make independent judgments. Such relationships could include voting arrangements or personal, economic or professional ties between a director and an officer of Colgate, another Colgate director or a significant stockholder of Colgate. Relationships and transactions (direct or indirect) that would preclude independence include:

| ● | current                            
 or former employment with Colgate; |

| ● | affiliation              
 with Colgate’s advisors; |

| ● | compensation                             
 from Colgate (other than director fees); |

| ● | material                             
 business relationships with Colgate; |

| ● | loans                                                   
 between directors and Colgate or our senior management; |

| ● | material                                  
 investments with Colgate or our officers; |

| ● | joint                                                   
 investments with Colgate’s officers or other directors; |

| ● | leadership                                                                       
 roles in charitable organizations that receive significant support from Colgate; |

| ● | affiliation                                                 
 or employment with a present or former Colgate auditor; and |

| ● | service                                                         
 on interlocking boards of directors or compensation committees. |

A copy of the complete independence standards is available on our website. In making its determination regarding the independence of each non-employee director, the Board considers any transactions, relationships or arrangements as required by our director independence standards. Based on these standards, the Board has determined that each current director, other than Mr. Wallace, who is our Chairman, President and CEO, is independent as there were no transactions, relationships or arrangements of the types described in our director independence standards. Certain Relationships and Related Transactions We have a longstanding policy prohibiting our directors, officers and employees from entering into transactions that present actual or potential conflicts of interest. This policy is reflected in our Code of Conduct, Business Practices Guidelines and Director Independence Standards. In addition, the Board has adopted a written policy regarding related person transactions which supplements these policies by establishing additional procedures for monitoring and reviewing and, if appropriate, approving, these types of transactions. The policy covers any “related person transaction,” as defined under SEC rules, which generally includes any transaction, arrangement or