The Executive Compensation and Human Resources Committee's report with respect to the Compensation Discussion and Analysis for the year ended December 31, 2009 is on page 27 of the 2010 Proxy Statement.
Primary Duties
- Reviews and approves the corporate goals and objectives relevant to the compensation of the Chief Executive Officer (CEO), evaluates the CEO's performance and determines and approves the CEO's compensation level
- Reviews and approves the annual salaries, bonuses and other benefits of all other executive officers
- Administers Occidental's stock-based incentive compensation plans
- Periodically reviews the performance of the plans and their rules
- Reviews new executive compensation programs
- Periodically reviews the operation of existing executive compensation programs as well as policies for the administration of executive compensation
- Annual reviews director compensation
See the Executive Compensation and Human Resources Committee Charter for a complete description.