pdf opens in new window, by-laws 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. 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. Chevron has always put people at the center of the energy conversation. 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. The Corporation has and will continue to maintain an orientation program that contains written material, oral presentations and site visits. Ronald D. Sugar made $425,492 in total compensation. Of this total $190,000 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, $225,000 was awarded as stock and $10,492 came . A mid . Action taken on the proposal will be reported to stockholders in a timely manner. Learn about salaries, benefits, salary satisfaction and where you could earn the most. $51,102. 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. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. The Board has also established stock ownership guidelines for executive officers of the Corporation. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. Huntsman is also a member of the Chevron board of directors. 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. View detailed HONYFLOUR.NG description & address. Option Awards: Compensation paid in the form of company equity that is structured as stock options. Of this total $112,500 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, $37,500 was received as . The Committee may, by resolution passed by a majority of the Committee, designate one or more subcommittees, each subcommittee to consist of one or more members of the Committee. If a majority of the independent Directors conclude that it would be detrimental to the best interests of the Corporation and the holders of the majority of the shares of its common stock to defer the effectiveness of a stockholder rights plan until stockholder approval of the plan can be obtained, then the Board may implement a rights plan prior to obtaining stockholder approval. The Board Nominating and Governance Committee will review and recommend to the Board the action, if any, to be taken with respect to the offer of resignation. None of these persons is a Chevron employee. This is generally a year-round process culminating in full meeting Board reviews of the Corporation's updated Corporate Strategic Plan, its business plan, the next year's capital expenditures budget plus key financial and supplemental objectives. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. All rights reserved. The sessions are chaired by the Lead Director if the CEO serves as Chairman; otherwise, the sessions are chaired by the Chairman. 2001 2023 Chevron Corporation. This report is not for commercial use. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The Committee shall perform such other activities and functions related to executive compensation as may be assigned from time to time by the Board of Directors, including, but not limited to, reviewing and discussing, the Corporations strategies and supporting processes for executive retention and diversity and preparing or causing to be prepared any reports or other disclosure required with respect to the Committee by any applicable proxy or other rules of the Securities and Exchange Commission or any applicable listing standards. Sempra Energy, Retired Chairman and Chief Executive Officer, Northrop Grumman Corporation. . The Board oversees management and plans for the succession of key executives. The current directors of Oando PLC are as follows: CEO Pay. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. Directors interact with members of management and other employees in connection with Board meetings, briefings, dinners, receptions, and tours of company operations and facilities or at the request of a Director. 2001 2023 Chevron Corporation. The Annual Meeting of stockholders generally will be scheduled in conjunction with a regularly scheduled Board meeting. First published on Wed 26 May 2021 10.05 EDT. . All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. Know Your Worth. The estimated additional pay is $14,277 per year. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Executive Assistant to Director of the Board jobs in Wetteren. 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. The Audit Committee has procedures in place to receive, retain and treat complaints received regarding accounting, internal accounting controls or auditing matters and to allow for the confidential and anonymous submission by anyone of concerns regarding questionable accounting or auditing matters. pdf opens in new window. USAA. Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . 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 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. Nigeria. $10,492 came from other types of compensation. All Committees are comprised solely of independent Directors. $60,979 . In 2017, he took home $49,920 in salary . The Board's size is assessed at least annually by the Board Nominating and Governance Committee and changes are recommended to the Board when appropriate. executive summary climate change resilience report, new energies: growing our lower carbon businesses. The Corporate Secretary will compile the communications, summarize lengthy or repetitive communications and forward to the Lead Director or the independent Directors. Chevron has always put people at the center of the energy conversation. As part of the evaluation, the Committee also invites input on individual director performance. . Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. ExxonMobil shareholders votes to install at least two new independent directors to the company's board. promoting strong corporate governance practices. He joined Texaco Cameroon in 1987 and was seconded to Texaco Nigeria Limited in 1998, where he held various positions of increasing responsibility within the organization (Texaco - ChevronTexaco-Chervron West-Africa) till 2008 when he was appointed Managing Director of Chevron Ivory Cost in Abidjan. The Board and each Board Committee have the right at any time to retain outside financial, legal or other advisors. Documents included in this section provide ways for investors to understand the foundation of our corporate governance. 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. As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. 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. In addition, various elements of strategy are discussed at every regular Board meeting, as well as at meetings of the Boards Committees. The Board Nominating and Governance Committee shall consider all of the relevant facts and circumstances, including the Directors qualifications, the Directors past and expected future contributions to the Corporation, the overall composition of the Board and whether accepting the tendered resignation would cause the Corporation to fail to meet any applicable rule or regulation (including New York Stock Exchange listing requirements and federal securities laws) and recommend to the Board the action to be taken with respect to such offer of resignation. Any such subcommittee to the extent provided in the resolutions of the Committee and to the extent not limited by applicable law or listing standard, shall have and may exercise the powers and authority of the Committee as the Committee may deem appropriate in its sole discretion. Directors serve for a one-year term and until their successors are elected. Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. Each standing Committee assesses the adequacy of its charter periodically and recommends changes to the Board Nominating and Governance Committee, as appropriate. The Management Compensation Committee assists the Board of Directors in determining salary and other compensation matters for executive officers and in establishing and administering incentive compensation and equity-based compensation plans for company management, among other duties. To avoid any potential conflict of interest, Directors will not accept a seat on any additional public company board without first notifying the Lead Director and the Chairman of the Board. Chevron has always put people at the center of the energy conversation. These procedures can be found on the Chevron website at http://www.chevron.com/investors/corporate-governance. Mr. Fusco served as a member of the board of directors of Calpine from August 2008 until March 2018, when the sale of Calpine to an affiliate of Energy Capital Partners and a consortium of other investors was completed. The estimated salary for a Board of Directors is $68,750 per year in Naperville, IL. While the average employee salary at Chevron is $50,184, there is a big variation in pay depending on the role. 6001 Bollinger Canyon Road The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. 3.8. 5 Controversies. Targets are based on a multiple of base salary: CEO six times; Vice Chairman, Executive Vice Presidents and Chief Financial Officer four times; all other executive officers two times. Find jobs. Below is a summary of our committee structure and membership information. The charts on this page feature a breakdown of the total annual pay for the top executives at CHEVRON CORP as reported in their proxy statements. The Board expects all Directors to attend regularly scheduled Board meetings and the Annual Meeting of stockholders, unless there are extenuating circumstances. Update - Fatgbems IBB Abeokuta Water Contamination Incident. Browse 197 Executive Assistant to Board Director vacancies live right now in Hampstead Garden Suburb Still provides a pension, while most employers do not. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Our model gets smarter over time as more people share salaries on Glassdoor. The world's second-richest person hasn't taken a cash salary since 2019 - when he was paid just $23,760 to comply with the minimum wage laws . She will serve on the Audit Committee of the Board. How much does a Board of Directors make in Bethlehem, PA? 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 estimated total pay for a Operator at Chevron is $74,449 per year. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. Get the right Board of directors job with company ratings & salaries. Nigeria. The members of the Committee shall be appointed by the Board of Directors upon the recommendation of the Board Nominating and Governance Committee. 2001 2023 Chevron Corporation. notice re: updated business conduct and ethics code. 6 See also. 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. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The Lead Director will chair all meetings of the Board in the Chairmans absence, chair the executive sessions, lead non-management Directors in an annual discussion of the performance evaluation of the CEO as well as communicate that evaluation to the CEO, oversee the process for CEO succession planning, lead the Boards review of the Board Nominating and Governance Committees assessment and recommendations from the Board self-evaluation process, lead the individual Director evaluation process, serve as a liaison between the Chairman and the independent Directors, consult with the Chairman on and approve agendas and schedules for Board meetings and other matters pertinent to the Corporation and the Board, be available to advise the Committee chairs of the Board in fulfilling their designated roles and responsibilities, and participate in the interview process for prospective directors with the Board Nominating and Governance Committee. 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. Current positions in excess of these limits may be maintained unless the Board Nominating and Governance Committee determines that doing so would impair the Director's service on the Corporations Board. Dr. Moyo earned a bachelor's degree in chemistry and MBA degree in Business Administration from American University, an M.P.A. $0 was received as change in pension value and nonqualified deferred compensation earnings, Michael Arokodare. As part of its review the Committee will consider the relative alignment of the Mr. Capellas left MCI as planned in early January 2006 upon its acquisition by Verizon Communications Inc. 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. Because this is the first step in care, it affects the entire continuum of care. We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. How much does a Board of Directors make in Naperville, IL? The Board dedicates at least one Board meeting each year to focus on strategic planning. . A non-Employee Director shall submit to the Board Nominating and Governance Committee a letter offering to resign if his or her principal occupation or business association changes substantially during his or her tenure as a Director. 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. This is a particular concern in rural China. 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. 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. To read more about any of the committees click on the committee name listed at the top of the table. Your input helps Glassdoor refine our pay estimates over time. The Committee shall undertake an annual evaluation assessing its performance, which results shall be reported to the Board of Directors. San Ramon, California 94583-0806. Were working together to provide energy that drives human progress. These guidelines have been adopted by the Chevron Board of Directors. $225,000 was awarded as stock and They should have sufficient time to effectively carry out their duties. The Corporation does not have a retirement plan for non-employee Directors. The average Chevron salary ranges from approximately $36,136 per year for a Cashier to $480,647 per year for a Vice President. The estimated base pay is $60,172 per year. As provided in Chevrons By-Laws, candidates for Directors are elected annually by a majority vote in an uncontested election and by a plurality vote in a contested election. The Committee recommends changes to improve the Board, the Board Committees and individual Director effectiveness. Under this policy, ballots, proxy forms and voting instructions returned to brokerage firms, banks and other holders of record are kept confidential. pdf opens in new window, corporate governance guidelines For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Subscribe to our newsletter to receive news & updates. Background: Patients who are newly screened HIV positive by EIA are lost to follow-up due to complicated HIV testing procedures. Managing Director at Nigerian National Petroleum Corporation (NNPC)/ Pioneer Keynote Event Speaker. As a member of Board of Directors at CHEVRON CORP , John B. Frank made $385,492 in total compensation. Between Annual Meetings, the Board may select one or more Directors to serve until the next Annual Meeting. Get a free, personalized salary estimate based on today's job market. Total Named Director Compensation: The sum of all dollar values above. This report is not for commercial use. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The Committee shall review executive compensation-related stockholder proposals and recommend a Board of Directors response. Wirth, who was elected chairman, effective January 1, 2022, succeeds Phillips 66 Chairman and CEO Greg Garland, who will remain a member of API's Executive Committee. Estimated salaries Data source tooltip for average base salary. The lowest-paying job at Chevron is a Cashier with a salary of $36,136 per year. 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. The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. 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To focus on strategic planning Patients who are newly screened HIV positive by EIA are lost follow-up... Pay data available for this role taken on the Committee name listed at the center of the conversation! Available for this role has claimed their employer Profile and is engaged in the form of Cash name. Retirement plan for non-employee Directors change resilience report, new energies: growing our lower carbon businesses to understand foundation. The energy conversation expense reimbursement to effectively carry out their duties, salary satisfaction and you. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger be found on the Audit Committee periodically reviews compliance this!
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