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Aziz D. Syriani, Chairperson
John S. Chalsty
John E. Feick
Irvin W. Maloney
Avedick B. Poladian
Rosemary Tomich
Walter L. Weisman
All of the members of the Audit Committee are
independent as defined in the New York Stock Exchange Listed Company
Manual. All of the members of the Audit Committee are financially
literate. The Audit Committee Report with respect
to Occidental's financial statements for the fiscal year ended
December 31, 2004 is on page 21 of the 2005
Proxy Statement (pdf) .
The primary duties of the Audit Committee are
as follows:
- hires the independent auditors to audit
the consolidated financial statements, books, records and accounts
of Occidental and its subsidiaries
- discusses the scope and results of the
audit with the independent auditors
- discusses Occidental's financial accounting
and reporting principles and the adequacy of Occidental's internal
accounting, financial and operating controls with the auditors
and with management
- reviews all reports of internal audits
submitted to the Audit Committee and management's actions with
respect thereto
- reviews the appointment of the senior internal
auditing executive
- oversees all matters relating to Occidental's Code
of Business Conduct compliance program
Audit committee charter...
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