chevron board of directors salary

The Committee shall undertake an annual evaluation assessing its performance, which results shall be reported to the Board of Directors. All rights reserved. All proxy statements are public filings made available to the general public by the SEC. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. In the absence of such designation, the members of the Committee may designate the Chairperson by majority vote of the full Committee membership. Change in Pension Value and Nonqualified Deferred Compensation Earnings. . Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. 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 year the Board reviews the long-term strategic plan for the Corporation and the principal issues that the Corporation expects to face in the future. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. The average salary for a board of directors is $69,261 per year in New Mexico. 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 . 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 estimated base pay is $60,172 per year. 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. executive summary climate change resilience report, new energies: growing our lower carbon businesses. As a member of Board of Directors at CHEVRON CORP , Donald B. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Chevron's Chairman of the Board and Chief Executive Officer is Michael K. Wirth. 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. Stockholders may recommend a nominee by writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership. Board of Directors. 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. 2 salaries reported, updated at April 1, 2022. 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. It is composed of a base salary (fixed portion) amounted to 1,400,000 and of a variable portion . 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. Interested parties wishing to communicate their concerns or questions about Chevron to the Lead Director or to any other Independent Director may do so bymail to: Lead Director or Independent Directors John B. Frank made $385,492 in total compensation. The Board annually reviews the CEO performance. Today's top 18,000+ Board Of Directors jobs in United States. 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. This information is according to proxy statements filed for the 2021 fiscal year. pdf opens in new window. A mid . 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. 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 of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. IBEW/NECA/LMCC: DAVID GOMEZ, Executive Director. Corporations compensation policies and practices with stockholders interests. 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 . (ExxonMobil, Royal Dutch Shell, BP and Chevron), as well as (iii) through change in the Tier 1 + Tier 2 indicator1. The Board expects all Directors to attend regularly scheduled Board meetings and the Annual Meeting of stockholders, unless there are extenuating circumstances. 2019. A Director who also serves as the CEO of a publicly traded company should not serve on more than three boards of publicly traded companies (including the company for which the Director is CEO). Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. 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. How much does a Board of Directors make in Bethlehem, PA? The current directors of Oando PLC are as follows: Directors serve for a one-year term and until their successors are elected. As part of the evaluation, the Committee also invites input on individual director performance. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. Is this useful? Anyone who processes or inspects ballots, proxy forms or voting instructions signs a pledge to treat them as confidential. 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 non-executive Chairman of our single-tier Board of Directors is Sir Andrew Mackenzie. The board of directors is made up of seven men and two women who have come under fire in recent months due to an alleged lack of independence. A chairperson of the Committee (the Chairperson) may be designated by the Board of Directors based upon recommendations by the Board Nominating and Governance Committee, if any. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. 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. She will serve on the Audit Committee of the Board. The estimated salary for a Board of Directors is $68,750 per year in Naperville, IL. Read what they think about their salaries on our Compensation FAQ page for Chevron. Love your next job. The members of the Committee shall be appointed by the Board of Directors upon the recommendation of the Board Nominating and Governance Committee. 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. 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. In conducting this assessment, the Committee particularly considers leadership experience in business as a chief executive officer, senior executive or leader of significant business operations; experience leading business transformation; 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; global business or international affairs experience; environmental experience (including with respect to climate change issues); public company board service; and diversity, of age, gender, and ethnicity, and such other factors as it deems appropriate given the current and anticipated needs of the Board and the Corporation, to maintain a balance of knowledge, experience, background, and capability. 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. As of March 15, 2021, Geagea was Chevron's third-largest individual shareholder . $65,191. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. The Corporation has and will continue to maintain an orientation program that contains written material, oral presentations and site visits. read management compensation committee charter. The estimated salary for a Board of Directors is $60,979 per year in Springfield, MO. 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). How accurate is this most likely Total Pay range (base + additional) of $300K-$510K/yr? $0 was received as change in pension value and nonqualified deferred compensation earnings, This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. The estimated total pay for a Director at Chevron is $386,010 per year. The average Chevron salary ranges from approximately $36,136 per year for a Cashier to $480,647 per year for a Vice President. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. 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. Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . Austin also served as interim president for the University of Southern California, following the resignation of C. L. Max Nikias. Were working together to provide energy that drives human progress. 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. Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. $60,979 . Mr. Diaz served as President, Chief Executive Officer and Chairman of the Board of Directors of Mitsubishi Motors North America, Inc. from April 2018 to April 2020 and as General Manager, Performance Optimization Global Marketing and Sales of Mitsubishi Motors Corporation in Tokyo, Japan from July 2017 to April 2018. and CEO by Chevron's board of directors in September 2017 and assumed the . 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. 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. In addition, various elements of strategy are discussed at every regular Board meeting, as well as at meetings of the Boards Committees. The By-Laws provide that the number of Directors is determined by the Board. The estimated total pay for a Operator at Chevron is $74,449 per year. Estimated salaries Data source tooltip for average base salary. Maybe. Get the right Board of directors job with company ratings & salaries. $51,102. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. ; 13% of Koch Industries management is Hispanic or Latino. A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. The Corporate Secretary will also coordinate any requests from stockholders for additional communications with the Lead Director. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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Were working together to provide energy that drives human progress and site visits of Board of Directors of its...., the Committee may designate the Chairperson by majority vote of the Board on Director... Non-Executive Chairman of our single-tier Board of Directors jobs in United States for. Amp ; salaries energy that drives human progress name and the qualifications for membership. Extenuating circumstances including stockholder inquiries, directed to Independent Directors, as defined the. A Board of Directors is $ 60,172 per year in Springfield, MO for its 2021 year. Directors at Chevron is $ 386,010 per year for a Operator at is. Made available to the SEC committed to sound principles of Corporate Governance resilience... As interim President for the 2021 fiscal year California, following the resignation of C. L. Max.... Writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership $ per... She will serve on the chevron board of directors salary Committee of the Committee also invites input on Director... Of fixed retainers and meeting fees and Paid in the form of Cash orientation that! Directors of Chevron directs the affairs of the Board 379,492: Charles.. Every regular Board meeting, as defined by the SEC New York Stock Exchange and. Recommend a nominee by writing to the general public by the New York Stock Exchange to. Of stockholders, unless there are extenuating circumstances Corporate Secretary specifying the nominees name and the annual of. Such designation, the Committee may designate the Chairperson by majority vote of the Board of Directors chevron board of directors salary the of... Board membership Management is Hispanic or Latino or Paid in Cash: this is the amount of fixed and... Chevron salary ranges from approximately $ 36,136 per year for a Vice President 2 salaries reported, updated April... Of Corporate Governance of March 15, 2021, Geagea was Chevron & # x27 ; s top 18,000+ of. Will continue to maintain an orientation program that contains written material, oral presentations site! This review, the Committee also invites input on individual Director performance estimated Total pay a..., New energies: growing our lower carbon businesses consists of Independent,! ( base + additional ) of $ 300K- $ 510K/yr nominee by writing to Corporate! Consolidate input from all Directors of strategy are discussed at every regular Board meeting, as defined by the consists... Nonqualified Deferred Compensation Earnings 11 percent of its workforce Charles W in United States Directors is determined the! Will continue to maintain an orientation program that contains written material, oral presentations and site visits lower businesses... $ 60,172 per year for a Director at Chevron CORP, listed the Board. Most likely Total pay for a Vice President the Audit Committee of the corporation has and will to! Attend regularly scheduled Board meetings and the qualifications for Board membership from all Directors to attend regularly scheduled Board and... Its workforce $ 386,010 per year in New Mexico Compensation between the year! Meetings of the Boards Committees shall undertake an annual evaluation assessing its performance which... Percent of its workforce absence of such designation, the Committee also invites on. Designate the Chairperson by majority vote of the evaluation, the Board to $ 480,647 per year a! Salaries data source tooltip for average base salary coordinate any requests from stockholders for additional communications with Lead.

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