; 13% of Koch Industries management is Hispanic or Latino. Were working together to provide energy that drives human progress. He was also part of the board of directors at Chevron Phillips Chemical alongside fellow executive representatives for company owners Chevron U.S . San Ramon, California 94583-0806. As the CEO and Chairman, Wirth is set to earn $19 million . Non-employee Directors may not stand for re-election after reaching age 74. 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. The Corporation does not have a retirement plan for non-employee Directors. 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. 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. 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. Still provides a pension, while most employers do not. The Board's Audit Committee periodically reviews compliance with this Code. He was . The estimated salary for a Board of Directors is $60,979 per year in Springfield, MO. 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. Energy that is affordable, reliable and ever-cleaner. 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. . notice re: updated business conduct and ethics code. Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. 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, Royal Dutch Shell, BP and Chevron), as well as (iii) through change in the Tier 1 + Tier 2 indicator1. New Board Of Directors jobs added daily. The Board Nominating and Governance Committee periodically assesses the guidelines and Directors' ownership relative to these guidelines, and makes recommendations as appropriate. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. c/o Office of the Corporate Secretary Attn: Secretary, Board Audit Committee The lowest-paying job at Chevron is a Cashier with a salary of $36,136 per year. In addition, various elements of strategy are discussed at every regular Board meeting, as well as at meetings of the Boards Committees. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. As a member of Board of Directors at CHEVRON CORP, Ronald D. Sugar made $425,492 in total compensation. Leverage your professional network, and get hired. Were working together to provide energy that drives human progress. The Board will obtain stockholder approval of any stockholder rights plan. The estimated base pay is $196,730 per year. Option Awards: Compensation paid in the form of company equity that is structured as stock options. The Board has structured its compensation to strive to result in ownership of at least seven times the annual cash retainer amount or 15,000 shares of stock or stock units after five years of service as a Director. Oando's Board of Directors serve as the prudent fiduciary for shareholders and is responsible for proper management of the Company. The estimated additional pay is $189,391 per year. Only the proxy solicitor, proxy tabulator and the Inspector of Election have access to the ballots, proxy forms and voting instructions. 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. 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 . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. $0 was received as change in pension value and nonqualified deferred compensation earnings, 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. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. The average Chevron salary ranges from approximately $36,136 per year for, Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. 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. $24,298,032. The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. Top companies for Board of Directorses in Little Rock, AR. The estimated additional pay is $188,449 per year. All proxy statements are public filings made available to the general public by the SEC. Know Your Worth. $112,500 was received as fees earned or paid in cash, The information shown here is a reporting of information included in the company's proxy statement. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service We have exciting capital projects that use innovative technology designed to provide decades of energy. The Board has also established stock ownership guidelines for executive officers of the Corporation. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. The Board is made up of eleven (11) individuals from diverse academic and professional backgrounds of which six (6) are non-executive directors. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 6001 Bollinger Canyon Road. pdf opens in new window, corporate governance guidelines Mandatory retirement for employee Directors is age 65. 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. 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 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. . The Management Compensation Committee periodically assesses the guidelines and the executive officers' ownership relative to these guidelines, and makes recommendations as appropriate. How much do Chevron employees make? 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. All recommendations are brought to the attention of the Board Nominating and Governance Committee. 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. It monitors overall corporate performance, the integrity of the Corporation's financial controls and the effectiveness of its legal compliance and enterprise risk management programs. The consolidated input is reviewed at a meeting in executive session with all independent Directors after which the chairpersons present the results of the review to the CEO. The Committee utilizes the annual Board evaluation to gather input to assist the Committees' evaluation and recommendations. 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. . read public policy and sustainability committee charter. The Committee shall report regularly to the full Board of Directors with respect to its activities. 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. 6 See also. All rights reserved. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Leadership. 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. Chevron has a confidential voting policy to protect stockholders' voting privacy. The non-executive Chairman of our single-tier Board of Directors is Sir Andrew Mackenzie. View detailed HONYFLOUR.NG description & address. executive summary climate change resilience report, new energies: growing our lower carbon businesses. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In his 40 years with the company, he has gained extensive industry and international experience through a wide variety of leadership roles. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. Jim was appointed President of Solar Turbines and Vice President of . 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 is a particular concern in rural China. The information shown here is a reporting of information included in the company's proxy statement. Email Chevron's Board at corpgov@chevron.com. As part of its review the Committee will consider the relative alignment of the The average salary for a board of directors is $47,245 per year in Little Rock, AR. The proceedings and deliberations of the Board and its Committees are confidential. Update - Fatgbems IBB Abeokuta Water Contamination Incident. 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. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. The chart on this page features a breakdown of the total annual pay for Ronald D. Sugar at CHEVRON CORP as reported in their proxy statements. Our culture is built upon the principles of responsibility, trust and integrity. certificate of incorporation 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. % of Koch Industries Management is Hispanic or Latino in a sustainable to. 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