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 and the Board has determined that Messrs. Atkins and Poladian meet the Securities and Exchange Commission’s definition of "audit committee financial expert."
Hires the independent auditors to audit the consolidated financial statements 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 (PDF) compliance program
Audit Committee Charter for a complete description.
Audit Committee Members
Avedick B. Poladian, Chairperson
Andrew F. Gould
Carlos M. Gutierrez
Robert M. Shearer