Directors should have the highest professional and personal ethics and values, consistent with The Chevron Way and the Business Conduct and Ethics Code, and a commitment to building stockholder value. purpose. Specifically, the Committee shall be directly responsible for the appointment, compensation and oversight of the work of any consultant, independent legal counsel or other advisor retained by the Committee and shall receive appropriate funding from the Corporation, as determined by the Committee, for payment of compensation to any such advisers. Still provides a pension, while most employers do not. Managing Director at Chevron. You may also find the annual proxy statement by going directly to the company's website. The Board and each Board Committee conduct a self-evaluation annually. The Board Nominating and Governance Committee annually reviews the composition of the Board as a whole to assess the skills and characteristics that are currently represented on the Board, and in individual Directors, as well as the skills and characteristics that the Board may find valuable in the future, in light of the current and anticipated strategic plans and operating requirements of the Corporation and the long-term interests of stockholders. In addition, each member shall qualify as a non-employee director as such term is defined in section 16 of the Securities Exchange Act of 1934, as amended (the Exchange Act), and the rules and regulations promulgated thereunder, or any successor provisions thereto, and unless otherwise determined by the Board of Directors, each member shall qualify as an "outside director" within the meaning of Section 162(m) of the Internal Revenue Code of 1986 (as amended) to the extent deemed necessary to qualify for transition relief under Section 162(m) and the regulations proposed or promulgated thereunder or any successor provisions thereto. The Board dedicates at least one Board meeting each year to focus on strategic planning. Administer, and where appropriate, delegate authority to administer the executive compensation plans of the Corporation; Maintain sole discretionary authority to interpret provisions of the executive compensation plans; Establish all rules necessary or appropriate for implementing and conducting the executive compensation plans; Determine, as applicable in connection with the Corporation's executive compensation plans such matters as: eligibility for participation; the amount and timing of benefits; persons to receive awards; the amount, form and other conditions of awards; the creation and issuance of rights or options entitling holders thereof to purchase stock from the Corporation; or when appropriate authorize the purchase by the Corporation of its stock for allocation to the accounts of persons to whom such shares have been awarded; Carry out the clawback and forfeiture provisions of compensation plans for which the Committee is the administrator; Administer existing grants under legacy executive compensation plans assumed by the Corporation; Administer other executive compensation plans that may be adopted from time to time; Recommend incentive-compensation plans and policies and equity-based plans and policies to the Board of Directors; Provide necessary approval to qualify for exemptions as may be established by the Securities and Exchange Commission under section 16 of the Exchange Act; Provide necessary determinations in connection with executive compensation to qualify for tax deductions under the grandfather rule of the Tax Cuts and Jobs Act that are exempt from the deduction limitations under section 162(m) of the Internal Revenue Code; and. The Management Compensation Committee periodically assesses the guidelines and the executive officers' ownership relative to these guidelines, and makes recommendations as appropriate. c/o Office of the Corporate Secretary A worker with the title team leader salary at Chevron can earn an average yearly salary of $151,958. Action taken on the proposal will be reported to stockholders in a timely manner. This information is according to proxy statements filed for the 2021 fiscal year. Because this is the first step in care, it affects the entire continuum of care. Directors serve for a one-year term and until their successors are elected. Background: Patients who are newly screened HIV positive by EIA are lost to follow-up due to complicated HIV testing procedures. Huntsman is also a member of the Chevron board of directors. . As part of the evaluation, the Committee also invites input on individual director performance. Under this policy, ballots, proxy forms and voting instructions returned to brokerage firms, banks and other holders of record are kept confidential. The Chairperson shall determine the agenda and shall have unlimited access to management and information. The guidelines, in conjunction with the Restated Certificate of Incorporation, By-Laws and Board Committee charters, form the framework for governance of the Corporation. USAA. Non-employee Directors receive compensation that is competitive, links rewards to business results and stockholder returns, and facilitates increased ownership of the Corporation's stock. Chevron may also be known as or be related to Chevron, Chevron Corp, Chevron Corporation, Chevron Technology Ventures LLC, Pacific Coast Oil Co. [1] (1879-1906) Standard Oil of California (1906-1984) [2], chevron usa, chevron phillips chemical company, chevron refinery, chevron texaco, Unocal Corporation and Union Oil Company of California. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. $225,000 was awarded as stock and As part of its review the Committee will consider the relative alignment of the An early career Member of the Board of Directors with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $42,500 based on 9 salaries. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The Audit Committee assists the Board of Directors in ensuring that the corporations financial statements are properly audited, that the corporation maintains an effective internal audit function and that the corporation complies with legal and regulatory requirements, among other duties. To learn more about our board members, visit the Board of Directors area of our web site. Motorists line up at an Exxon station in Charlotte, N.C. on May 12, 2021. $37,500 was received as options, This Charter and any provision contained herein may be amended or repealed by the Board of Directors. He was . Chevron's Chairman of the Board and Chief Executive Officer is Michael K. Wirth. Top companies for Board of Directorses in Little Rock, AR. ; 13% of Koch Industries management is Hispanic or Latino. The Board Nominating and Governance Committee periodically assesses the guidelines and Directors' ownership relative to these guidelines, and makes recommendations as appropriate. Know Your Worth. Learn about salaries, benefits, salary satisfaction and where you could earn the most. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Chevron and its employees have a worldwide reputation for conducting business with honesty and integrity. Each member shall meet the New York Stock Exchange (the NYSE) standards of independence for Directors and compensation committee members, as determined by the Board of Directors. Box 6006 Median Employee Pay. The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. ; 71% of the management team is White. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. CEO Pay Ratio. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. In addition, various elements of strategy are discussed at every regular Board meeting, as well as at meetings of the Boards Committees. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. ELOHOR AIBONI. In his 40 years with the company, he has gained extensive industry and international experience through a wide variety of leadership roles. All Committees are comprised solely of independent Directors. 2001 2023 Chevron Corporation. Our strong results come from empowering our people. Phoebe Wall Howard. CHEVRON CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Change in Pension Value and Nonqualified Deferred Compensation Earnings. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. The succession planning process includes consideration of both ordinary course succession, in the event of planned promotions and retirements, and planning for situations where the CEO or another member of senior management unexpectedly become unable to perform the duties of their positions. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 6001 Bollinger Canyon Road The estimated additional pay is $14,277 per year. Each standing Committee operates under a written charter that sets forth the purposes and responsibilities of the Committee as well as qualifications for Committee membership. Annually, the Lead Director will lead the independent Directors review of candidates for all senior management positions to assess the candidates who are available for these positions and understand the development plans being utilized to strengthen the skills and qualifications of the candidates. 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