The Board will reconsider any stockholder proposal not supported by the Board that receives a majority of the votes cast at the Annual Meeting at which a quorum is present. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. The Board oversees management and plans for the succession of key executives. 475:1. Overview Overview 5.5k Reviews 897 Jobs 6.3k Salaries 972 Interviews 1.6k Benefits 58 Photos. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. Four- to six-year terms for Committee Chairpersons facilitate rotation of Committee chairpersons while preserving experienced leadership. All recommendations are brought to the attention of the Board Nominating and Governance Committee. As a member of Board of Directors at CHEVRON CORP, As a member of Board of Directors at CHEVRON CORP , John B. Frank made $385,492 in total compensation. ; 11% of the management team is Black or African American. The Board Nominating and Governance Committee oversees this self-evaluation process and assesses the full Board's performance. First published on Wed 26 May 2021 10.05 EDT. Ronald D. Sugar made $425,492 in total compensation. $0 was received as change in pension value and nonqualified deferred compensation earnings, The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. We have exciting capital projects that use innovative technology designed to provide decades of energy. Each standing Committee assesses the adequacy of its charter periodically and recommends changes to the Board Nominating and Governance Committee, as appropriate. How much does a Board of Directors make in Naperville, IL? You may also find the annual proxy statement by going directly to the company's website. The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. Is this useful? Box 6006 Chevron has always put people at the center of the energy conversation. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. The community relies on everyone sharing. Non-employee Directors may not stand for re-election after reaching age 74. The Board and each Board Committee have the right at any time to retain outside financial, legal or other advisors. The Committee shall also periodically evaluate the adequacy of this Charter and recommend changes to the Board Nominating and Governance Committee for approval by the Board of Directors. 8. Detroit Free Press. Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. To be considered independent, a Director must be determined by the Board, after recommendation by the Board Nominating and Governance Committee and after due deliberation, to have no material relationship with the Company other than as a Director. A worker with the title team leader salary at Chevron can earn an average yearly salary of $151,958. The Committee recommends changes to improve the Board, the Board Committees and individual Director effectiveness. Because this is the first step in care, it affects the entire continuum of care. ExxonMobil shareholders votes to install at least two new independent directors to the company's board. Phoebe Wall Howard. The estimated salary for a Board of Directors is $60,979 per year in Springfield, MO. Our Business Conduct and Ethics Code provides information about how we conduct our day-to-day business activities according to the principles of The Chevron Way. The Board Nominating and Governance Committee and the Board review these Corporate Governance Guidelines and related corporate governance documents at least annually and revise as appropriate. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. The Board Nominating and Governance Committee engages in succession planning for the Board and key leadership roles on the Board and its Committees. . The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. Wirth, who also serves as chairman of Chevron's board of directors, was named CEO in February 2018 after a more than 30-year career at the San Ramon, California-headquartered oil major. Managing Director at Nigerian National Petroleum Corporation (NNPC)/ Pioneer Keynote Event Speaker. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. The Committee shall annually review compensation policies and practices of the Corporation, including non-executive programs, to determine whether any such policies or practices encourage excessive risk taking, or are reasonably likely to have a material adverse effect on the Corporation. SAN RAMON, Calif. & AMES, Iowa, February 28, 2022--Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) ("REG") announced today a definitive agreement under which . Find jobs. Mr. Capellas left MCI as planned in early January 2006 upon its acquisition by Verizon Communications Inc. Energy that is affordable, reliable and ever-cleaner. certificate of incorporation Search Board of directors jobs. Chevron shareholders approved the slate of directors and executive pay by 96% and 94% votes, respectively, although they voted heavily in favor of other proposals Chevron had opposed. MANAGING DIRECTOR, SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. Motorists line up at an Exxon station in Charlotte, N.C. on May 12, 2021. As of March 15, 2021, Geagea was Chevron's third-largest individual shareholder . Chevron Corporation is an American multinational energy corporation predominantly in oil and gas. Los Angeles County Department of Public Works: MARK PESTRELLA, Director. Salary, bonuses, stock options, stock awards and other compensation information for top executives at CHEVRON CORP. . Below is a summary of our committee structure and membership information. To discharge responsibilities as delegated by the Board of Directors of the Corporation (the Board of Directors) relating to compensation of the Corporations executives; To assist the Board of Directors in establishing incentive compensation and equity-based plans and to administer such plans; and. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The sessions are chaired by the Lead Director if the CEO serves as Chairman; otherwise, the sessions are chaired by the Chairman. 20 minutes minimum delay Mar 01, 2023 11:51 AM. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The Board will obtain stockholder approval of any stockholder rights plan. The average salary for a board of directors is $47,245 per year in Little Rock, AR. The estimated base pay is $60,172 per year. pdf opens in new window, by-laws Corporations compensation policies and practices with stockholders interests. Each independent Director generally serves on one or two Committees. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. CHEVRON CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The independent Directors review the propriety of combining or separating the offices of Chairman and CEO annually in connection with its selection of the Chairman. To perform such other duties and responsibilities enumerated in and consistent with this Charter. $0 was received as non-stock incentive plan compensation, The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. The following shall be the common recurring duties and responsibilities of the Committee in carrying out its purposes. Find Executive Assistant to Board Director jobs in Mid Glamorgan on Jobsite. The By-Laws provide that the number of Directors is determined by the Board. Each Director will maintain the confidentiality of all proprietary, privileged or otherwise protected information about the Corporation and other entities that the Director obtains in connection with his or her service as a Director, except where the disclosure is authorized or required by law. Committee members serve staggered terms enabling Directors to rotate periodically to different Committees. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. ; 13% of Koch Industries management is Hispanic or Latino. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. Energy that is affordable, reliable and ever-cleaner. Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. View detailed CVX description & address. San Ramon, CA 94583, Email Chevron's Board at corpgov@chevron.com. In his 40 years with the company, he has gained extensive industry and international experience through a wide variety of leadership roles. The average salary for a Director is $129,357 per year in United States, which is 66% lower than the average Chevron salary of $386,010 per year for this job. The Board Nominating and Governance Committee periodically assesses the guidelines and Directors' ownership relative to these guidelines, and makes recommendations as appropriate. 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. The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. Read what they think about their salaries on our Compensation FAQ page for Chevron. 5% . Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . Median Employee Pay. The members of the Committee shall be appointed by the Board of Directors upon the recommendation of the Board Nominating and Governance Committee. All rights reserved. They make suggestions to the appropriate Committee chairperson at any time. The average Chevron hourly pay ranges from approximately $17 per hour for a Cashier to $184 per hour for a Director. Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. notice re: updated business conduct and ethics code. Talking about his salary, in 2018, he was paid $1.5 million per month; as a total, he reportedly received $15 million including compensation, stock awards and more as an annual payment. Documents included in this section provide ways for investors to understand the foundation of our corporate governance. The current directors of Oando PLC are as follows: How much do Chevron employees make? Of this total $57,678 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options . The Corporation does not have a retirement plan for non-employee Directors. Thorough reviews have been conducted to assure this data accurately reflects disclosures. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. CONTACT INFO 5B, Folusho Alade Str., Awuse Est., Opebi, Ikeja, Lagos TEL: (+234) 01 4538694 MOBILE . Employee Directors are not paid additional compensation for their services as Directors. Chevron has a confidential voting policy to protect stockholders' voting privacy. The estimated total pay for a Operator at Chevron is $74,449 per year. The Board is made up of eleven (11) individuals from diverse academic and professional backgrounds of which six (6) are non-executive directors. Anyone who processes or inspects ballots, proxy forms or voting instructions signs a pledge to treat them as confidential. executive summary climate change resilience report, new energies: growing our lower carbon businesses. To learn more about our board members, visit the Board of Directors area of our web site. Rice made $85,444 in total compensation. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. $60,979 . 6001 Bollinger Canyon Road. As a member of Board of Directors at CHEVRON CORP, Ronald D. Sugar made $425,492 in total compensation. 6 See also. Stockholders may recommend a nominee by writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership. Leadership. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. Each subcommittee shall keep regular minutes of its meetings and report the same to the Committee or the Board of Directors when required. This report is not for commercial use. The entire Committee or any individual Committee member may be removed from office with or without cause by the affirmative vote of a majority of the Board of Directors. purpose. The Chairperson shall determine the agenda and shall have unlimited access to management and information. Filings & Reports; Events & Presentations; Stock & Dividend Information; Corteva, Inc. and Reverse Stock Split Tax Related Information; Dow Inc. Tax Related Information; DowDuPont Merger Tax Related Information Total Named Director Compensation: The sum of all dollar values above. Huntsman is also a member of the Chevron board of directors. If the resignation of a Committee member is effective at a future time, the Board of Directors may elect a successor to take office when the resignation becomes effective. The Board Nominating and Governance Committee identifies, investigates and recommends prospective directors to the Board with the goal of creating a balance of knowledge, experience and diversity aligned with the long-term interest of stockholders. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. $225,000 was awarded as stock and Maybe. Email Chevron's Board at corpgov@chevron.com. Any Committee member may resign effective upon giving oral or written notice to the Chairman of the Board of Directors, the Corporate Secretary or the Board of Directors (unless the notice specifies a later time for the effectiveness of such resignation). Our culture is built upon the principles of responsibility, trust and integrity. subscribe to our newsletter to receive news and updates. The Committee may select or obtain advice from any adviser (whether retained by the Committee or management) only after considering all factors relevant to a determination of that adviser's independence from management, including the factors prescribed by applicable law or the NYSE. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. These guidelines have been adopted by the Chevron Board of Directors. When the Board selects the CEO to serve as Chairman, the independent Directors will annually select a Lead Director from among the independent Directors serving on the Corporations Board. The chart on this page features a breakdown of the total annual pay for John B. Frank at CHEVRON CORP as reported in their proxy statements. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The purpose of the Board Nominating and Governance Committee (the "Committee") of the Board of Directors of Chevron Corporation (the "Corporation") is: To engage in succession planning for the Board of Directors, assist the Board of Directors in defining and assessing qualifications for Board of Director membership and identify . 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Any Director nominated for re-election who does not receive more votes cast for such nominee's election than votes cast against such nominees election, excluding abstentions, shall submit his or her offer of resignation for consideration by the Board Nominating and Governance Committee. See the full leadership team at Craft. 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. Directors serve for a one-year term and until their successors are elected. Get the right Board of directors job with company ratings & salaries. The Committee shall review and consider the results of the Corporations most recent Say on Pay vote, and any other feedback gathered through the Corporations ongoing stockholder engagement, in making executive compensation decisions and recommendations to the Board of Directors. $279,000 per year AIMS K-12 College Prep Charter District . Board of Directors in CHEVRON CORP. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. The Board has also established stock ownership guidelines for executive officers of the Corporation. The estimated additional pay is $189,391 per year. The Committee shall review and discuss the annual CD&A and related disclosures to be included in the Corporations proxy statement relating to the annual meeting of stockholders (Annual Proxy Statement), recommend to the Board of Directors whether the CD&A should be included in the Corporations Annual Proxy Statement, and incorporated by reference into the Corporations Annual Report on Form 10-K, and prepare the report on executive compensation to be included in the Annual Proxy Statement and incorporated by reference into the Annual Report on Form 10-K. 2001 2023 Chevron Corporation. How much do Chevron employees make? Great health benefit plan, but certain medical consultants are excluded., Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. You may also find the annual proxy statement by going directly to the company's website. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Allfour standing Boardcommittees are composed entirely of independent directors. Box 29000, Presidio Station San Francisco, CA 94129-9000 Fax: 415-923-2013. $225,000 was awarded as stock and For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Know Your Worth. Between Annual Meetings, the Board may select one or more Directors to serve until the next Annual Meeting. The information shown here is a reporting of information included in the company's proxy statement. pdf opens in new window, corporate governance guidelines Wanda M. Austin (born 1954) is a former president and CEO of The Aerospace Corporation.She was both the first woman, and the first African-American, to hold this position. Any such communication may be made on a confidential or anonymous basis, but all communications should contain sufficiently specific information to permit the Audit Committee to pursue the matter. The Chairman in coordination with the Lead Director sets the schedule for Board meetings and determines the timing and length of the meetings of the Board. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. $10,492 came from other types of compensation. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. Additional pay could include bonus, stock, commission, profit sharing or tips. In addition, the Board has determined that the following relationships of Chevron Directors occurring within the last fiscal year are categorically immaterial if the relevant transactions are conducted in the ordinary course of business: The Board makes an affirmative determination regarding the independence of each Director annually, based upon the recommendation of the Board Nominating and Governance Committee. 2 salaries reported, updated at April 1, 2022. Leverage your professional network, and get hired. CEO Pay Ratio. The Committee may appoint a Secretary whose duties and responsibilities shall be to keep full and complete records of the proceedings of the Committee and to perform all other duties as may from time to time be assigned to him or her by the Committee, or otherwise at the direction of a Committee member. Company profile for Honeywell Flour Mills PLC including key executives, insider trading, ownership, revenue and average growth rates. This information is according to proxy statements filed for the 2021 fiscal year. From November 2002 to March 2004, he was also Chair of the Board of WorldCom, and he continued to serve as a member of the board of directors of MCI until January 2006. 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