The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. $24,298,032. ; 71% of the management team is White. All proxy statements are public filings made available to the general public by the SEC. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The estimated base pay is $60,172 per year. The lowest-paying job at Chevron is a Cashier with a salary of $36,136 per year. . This report is not for commercial use. The Board has four standing Committees: Audit, Board Nominating and Governance, Management Compensation, and Public Policy and Sustainability. $225,000 was awarded as stock and 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. As a member of Board of Directors at CHEVRON CORP, Review and approve corporate goals and objectives relevant to the compensation of the Chief Executive Officer and other executive officers appraised above PSG 30 (the other executive officers); Evaluate in conjunction with the Board Nominating and Governance Committee the Chief Executive Officers performance in light of such goals and objectives at least annually and communicate the results to the independent Directors of the full Board of Directors; Recommend the amount and basis for the Chief Executive Officers compensation levels based on the evaluation in (b) above (including annual salary, bonus, equity awards and other direct and indirect benefits), with review and approval by the independent Directors of the full Board of Directors; Set the other executive officers compensation levels (including annual salary, bonus, equity awards and other direct and indirect benefits) with review and ratification by the independent Directors of the full Board of Directors; In determining the long-term incentive component of the Chief Executive Officers and other executive officers' compensation, consider, among other items, the Corporation's performance and relative stockholder return, the value of similar incentive awards to chief executive officers and other executive officers at comparable companies and the compensation provided to the Corporations Chief Executive Officer and other executive officers in the past; Establish and modify the terms and conditions of current and prospective employment of executive officers of the Corporation, by contract or otherwise; Review new executive compensation programs; Monitor executive compensation programs to determine whether they are properly coordinated and achieving their intended purpose, including whether they are providing for payments and benefits that are reasonably related to executive and corporate performance and comparable to programs of peer companies; Establish and periodically review policies for the administration of executive compensation programs; Assess periodically stock ownership guidelines for executive officers and the executive officers ownership relative to these guidelines, and make recommendations as appropriate; Review, discuss and approve a compensation philosophy for executive officers that is aligned with the Corporations business strategy and stockholder interests and designed to provide competitive pay opportunities; and. 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. Four- to six-year terms for Committee Chairpersons facilitate rotation of Committee chairpersons while preserving experienced leadership. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. Executives are expected to achieve targets within five years of assuming their positions. pdf opens in new window, corporate governance guidelines 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. $225,000 was awarded as stock and Fatgbems Group Managing Director Gets Southern Youth Assembly Leadership Award. 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. Documents included in this section provide ways for investors to understand the foundation of our corporate governance. pdf opens in new window, proxy statement As part of its review the Committee will consider the relative alignment of the . Option Awards: Compensation paid in the form of company equity that is structured as stock options. In light of your role as a director at a major fossil fuel company and your experience advocating for increased shareholder value and sustainability in the oil and gas industry, the 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). View detailed HONYFLOUR.NG description & address. The Board of Directors proposes a slate of nominees for election by the stockholders at the Annual Meeting each year. executive summary climate change resilience report, new energies: growing our lower carbon businesses. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Company profile for Chevron Corp. including key executives, insider trading, ownership, revenue and average growth rates. Were working together to provide energy that drives human progress. The Chairman in consultation with the Lead Director establishes the agenda for each Board meeting, taking into account input and suggestions from other Directors and management. 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. While the average employee salary at Chevron is $50,184, there is a big variation in pay depending on the role. League of California Cities: CAROLYN COLEMAN, Executive Director. The Lead Director will have the authority to call meetings of the independent Directors and will be available as appropriate for consultation and direct communication with major stockholders. 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. Our culture is built upon the principles of responsibility, trust and integrity. 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. ExxonMobil shareholders votes to install at least two new independent directors to the company's board. To learn more about our board members, visit the Board of Directors area of our web site. Israel. Independent Directors meet in executive session at each regularly scheduled Board meeting. 6001 Bollinger Canyon Road The By-Laws provide that the number of Directors is determined by the Board. Median Employee Pay. They bring a proven track record of success across a broad range of experiences at the policymaking level in business; expertise in science, technology, engineering, research or academia; extensive knowledge of governmental, regulatory, legal or public policy . The estimated additional pay is $188,449 per year. Change in Pension Value and Nonqualified Deferred Compensation Earnings. In order to assess performance against the strategic plan, the Board receives regular updates on progress and execution and provides guidance and direction throughout the year. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. The Corporation also provides ongoing Director education through presentations at Board and Committee meetings and Board briefings. The Corporate Secretary and Chief Governance Officer will compile the communications, summarize . However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The Corporation does not have a retirement plan for non-employee Directors. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. 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. 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. The Board Nominating and Governance Committee reviews the Boards leadership structure annually and in planning for a leadership transition, and recommends changes to the Board of Directors as appropriate. Our strong results come from empowering our people. Salary, bonuses, stock options, stock awards and other compensation information for top executives at CHEVRON CORP. . The Corporation maintains a list of continuing director education opportunities and all directors are encouraged to periodically attend, at Company expense, director continuing education programs offered by various organizations. The Board Nominating and Governance Committee reviews and approves the election of any employee Director to outside, for-profit board positions. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.3. The Corporate Secretary will also coordinate any requests from stockholders for additional communications with the Lead Director. Also, on 7 th May 2018, Wirth sold 130,000 shares of Chevron 's stock and received $16.6 million. pdf opens in new window, by-laws It also assists the Board of Directors in response to stockholder concerns regarding environmental, social, human rights, political, and public policy matters. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In all cases, the Chief Executive Officer and any other such officers shall not be present at meetings during the time when their compensation or performance is discussed or determined. Chairman of the Board and 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 independent Directors select the Chairman of the Board annually. Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. (including annual salary, bonus, equity awards and other direct and indirect benefits), with review and approval by the independent Directors of the full Board of Directors; . Thorough reviews have been conducted to assure this data accurately reflects disclosures. 5 Controversies. The community relies on everyone sharing. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. Non-employee Directors may not stand for re-election after reaching age 74. 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. Bruce Chinn is president and chief executive officer of Chevron Phillips Chemical, a global petrochemical joint venture with a top-quartile safety record and 2021 revenue of more than $14 billion. 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). Directors limit their other board memberships to a number which permits them, given their individual circumstances, to responsibly perform all of their Director duties, with no Director serving on the boards of more than five publicly traded companies. Find Contract Board Level jobs in Dunseverick and apply now on NIjobs.com, Northern Ireland's leading job site for Contract Board Level jobs in Dunseverick. . Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. Kaiser Permanente: TERESA STARK, Vice President, Government Relations. The information shown here is a reporting of information included in the company's proxy statement. Concerning the 2019 . Browse 197 Executive Assistant to Board Director vacancies live right now in Hampstead Garden Suburb The Board expects all Directors to attend regularly scheduled Board meetings and the Annual Meeting of stockholders, unless there are extenuating circumstances. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. 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. San Ramon, CA 94583, Email Chevron's Board at corpgov@chevron.com. For its 2021 fiscal year, CHEVRON CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. They bring a proven track record of success across a broad range of experiences at the policymaking level in business; expertise in science, technology, engineering, research or academia; extensive knowledge of governmental, regulatory, legal or public policy issues; expertise in finance, financial disclosure or financial accounting; experience in global business or international affairs; environmental experience; experience leading business transformation; and service on public company boards. Mandatory retirement for employee Directors is age 65. US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their . Oando's Board of Directors serve as the prudent fiduciary for shareholders and is responsible for proper management of the Company. The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. Other executives include Pierre R. Breber, Vice President and Chief Financial Officer; Rhonda J. Morris, Vice President and Chief Human Resources Officer and 30 others. In making its determination concerning the absence of a material relationship, the Board adheres to all of the specific tests for independence included in the New York Stock Exchange listing standards. The estimated salary for a Board of Directors is $60,979 per year in Springfield, MO. $0 was received as non-stock incentive plan compensation, 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. P.O. Board of Directors in CATERPILLAR INC. For its 2021 fiscal year, CATERPILLAR INC, listed the following board members on its annual proxy statement to the SEC. 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. To perform such other duties and responsibilities enumerated in and consistent with this Charter. 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. Attn: Secretary, Board Audit Committee 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. Employee Directors may not serve as Directors once their employment with the Corporation ends. The Committee shall meet as often as may be deemed necessary or appropriate, in the judgment of the Chairperson, either in person or telephonically, and at such times and places as the Chairperson determines. Total Named Director Compensation: The sum of all dollar values above. $10,492 came from other types of compensation. Employee Directors are not paid additional compensation for their services as Directors. $0 was received as change in pension value and nonqualified deferred compensation earnings, 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. 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. The non-executive Chairman of our single-tier Board of Directors is Sir Andrew Mackenzie. Chevron has always put people at the center of the energy conversation. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. 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. $0 was received as change in pension value and nonqualified deferred compensation earnings, Overview Overview 5.5k Reviews 897 Jobs 6.3k Salaries 972 Interviews 1.6k Benefits 58 Photos. . 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 . 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 sessions are chaired by the Lead Director if the CEO serves as Chairman; otherwise, the sessions are chaired by the Chairman. CEO Pay. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. Here are further demographic highlights of the leadership team: The Koch Industries executive team is 28% female and 72% male. The current directors of Oando PLC are as follows: The proxy solicitor and the proxy tabulator will disclose information taken from the ballots, proxy forms and voting instructions only in the event of a proxy contest or as otherwise required by law. 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. 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. The Corporate Secretary will compile the communications, summarize lengthy or repetitive communications and forward to the Lead Director or the independent Directors. Because we understand that the well-being of people everywhere depends on energy. 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. WASHINGTON, February 2, 2022 - The American Petroleum Institute (API) today announced that Chevron Chairman and CEO Mike Wirth will serve as chairman of API's Board of Directors for a two-year term. Each subcommittee shall keep regular minutes of its meetings and report the same to the Committee or the Board of Directors when required. The estimated base pay is $196,619 per year. $0 was received as options, The Public Policy and Sustainability Committee assists the Board of Directors in overseeing environmental, social, human rights, political, and public policy matters that are relevant to the Corporations activities and performance. Were working together to provide energy that drives human progress. Find Executive Assistant to Board Director jobs in Mid Glamorgan on Jobsite. The Board oversees management and plans for the succession of key executives. ELOHOR AIBONI. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 2021 MAR. The Chairperson shall determine the agenda and shall have unlimited access to management and information. 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. . 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. $10,492 came from other types of compensation. As of March 15, 2021, Geagea was Chevron's third-largest individual shareholder . Objective (s): To assess the routine HIV testing completeness and treatment initiation . They should have sufficient time to effectively carry out their duties. read management compensation committee charter. 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 Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. 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. As the CEO and Chairman, Wirth is set to earn $19 million . Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. Austin also served as interim president for the University of Southern California, following the resignation of C. L. Max Nikias. View detailed CVX description & address. 48.36 -0.06. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. CHEVRON CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The Board is made up of eleven (11) individuals from diverse academic and professional backgrounds of which six (6) are non-executive directors. Executive Assistant to Director of the Board jobs in Wetteren. John B. Frank made $385,492 in total compensation. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. The estimated total pay for a Director at Chevron is $385,179 per year. 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. 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 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. The estimated total pay for a Operator at Chevron is $74,449 per year. 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. Committee members serve staggered terms enabling Directors to rotate periodically to different Committees. Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. 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. To read more about any of the committees click on the committee name listed at the top of the table. You may also find the annual proxy statement by going directly to the company's website. 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. 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