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 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. Chevron has always put people at the center of the energy conversation. This information is according to proxy statements filed for the 2021 fiscal year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Notable past and present roles: Berkshire director (2020 - present); General Catalyst chairman and managing director (2018 - present); American Express CEO (2001 - 2018); Facebook director (2018-2020) Name. As a member of Board of Directors at CHEVRON CORP, Ronald D. Sugar made $425,492 in total compensation. 76 open jobs for Board of directors. . The Corporate Secretary and Chief Governance Officer will compile the communications, summarize lengthy or repetitive communications received and report onresponsessent. 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. Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. Concerning the 2019 . 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. Still provides a pension, while most employers do not. 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. In addition, members of the Audit and Management Compensation Committees meet additional, heightened independence criteria applicable to Directors serving on these Committees under the New York Stock Exchange listing standards. $0 was received as non-stock incentive plan compensation, 3,998 reviews 7 salaries reported. Total Named Director Compensation: The sum of all dollar values above. The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. A relationship arising solely from a Director's ownership of an equity or limited partnership interest in a party that engages in a transaction with Chevron, so long as the Director's ownership interest does not exceed two percent of the total equity or partnership interest in that other party. The Corporate Secretary will compile the communications, summarize lengthy or repetitive communications and forward to the Lead Director or the independent Directors. $60,979 . Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. The information shown here is a reporting of information included in the company's proxy statement. Our strong results come from empowering our people. 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 announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. . We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. The Board has four standing Committees: Audit, Board Nominating and Governance, Management Compensation, and Public Policy and Sustainability. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Jon Huntsman Jr., who ran against Mitt Romney in 2012 for the GOP presidential nomination, has rejoined the board of . 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 average salary for a board of directors is $47,245 per year in Little Rock, AR. Stockholders may recommend a nominee by writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership. 3.8. As part of its review the Committee will consider the relative alignment of the 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. John B. Frank made $385,492 in total compensation. The lowest-paying job at Chevron is a Cashier with a salary of $36,136 per year. 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. 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. Only the proxy solicitor, proxy tabulator and the Inspector of Election have access to the ballots, proxy forms and voting instructions. The purpose of the Management Compensation Committee (the Committee) of the Board of Directors of Chevron Corporation (the Corporation) is: The Committee shall comprise not fewer than two members of the Board of Directors, as shall be determined from time to time by the Board of Directors based on recommendations from the Board Nominating and Governance Committee, if any. Corporations compensation policies and practices with stockholders interests. 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. Allfour standing Boardcommittees are composed entirely of independent directors. pdf opens in new window, proxy statement A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. Chief Executive Officer. 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. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He was . The estimated total pay for a Operator at Chevron is $74,449 per year. 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. Get a free, personalized salary estimate based on today's job market. Our strong results come from empowering our people. The estimated base pay is $60,172 per year. Maybe. Know Your Worth. Directors should have the highest professional and personal ethics and values, consistent with The Chevron Way and the Business Conduct and Ethics Code, and a commitment to building stockholder value. Committees. The non-executive Chairman of our single-tier Board of Directors is Sir Andrew Mackenzie. View detailed HONYFLOUR.NG description & address. Today's top 18,000+ Board Of Directors jobs in United States. Of this total 2001 2023 Chevron Corporation. Tesla CEO Elon Musk is currently working for free.. 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. Leadership. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. 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. Option Awards: Compensation paid in the form of company equity that is structured as stock options. Action taken on the proposal will be reported to stockholders in a timely manner. The estimated base pay is $196,730 per year. 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. 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). . The Annual Meeting of stockholders generally will be scheduled in conjunction with a regularly scheduled Board meeting. . Because we understand that the well-being of people everywhere depends on energy. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. $37,500 was received as options, The Board annually reviews the CEO performance. You may also find the annual proxy statement by going directly to the company's website. As the CEO and Chairman, Wirth is set to earn $19 million . Fatgbems Group Managing Director Gets Southern Youth Assembly Leadership Award. Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. 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. 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. 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 members of the Committee shall be appointed by the Board of Directors upon the recommendation of the Board Nominating and Governance Committee. How much does a Board of Directors make in Springfield, MO? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. These duties and responsibilities are set forth below as a guide to the Committee with the understanding that the Committee may alter or supplement them as directed by the Board of Directors or as appropriate under the circumstances to the extent permitted by applicable law or listing standard. 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. Coronavirus Tips Working and Protection. US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their . However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. $0 was received as options, Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Nigeria. They should have business acumen and broad experience and expertise at the policy-making level in one or more of the areas of particular consideration below and should be able to provide insights and practical wisdom based on their experience or expertise. The Secretary need not be a member of the Committee or a Director and shall have no membership or voting rights by virtue of the position. Top companies for Board of Directorses in Little Rock, AR. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. $0 was received as change in pension value and nonqualified deferred compensation earnings, The Board of Directors proposes a slate of nominees for election by the stockholders at the Annual Meeting each year. Objective (s): To assess the routine HIV testing completeness and treatment initiation . The Corporation also provides ongoing Director education through presentations at Board and Committee meetings and Board briefings. Our leadership is a profound source of pride, as we lead in the future of energy. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Chevron has a confidential voting policy to protect stockholders' voting privacy. Employee Directors may not serve as Directors once their employment with the Corporation ends. Lancaster Choice Energy: JASON CAUDLE, City Manager. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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. The Chairperson shall determine the agenda and shall have unlimited access to management and information. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. The Board expects all Directors to attend regularly scheduled Board meetings and the Annual Meeting of stockholders, unless there are extenuating circumstances. Subscribe to our newsletter to receive news & updates. 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. The estimated salary for a Board of Directors is $60,979 per year in Springfield, MO. League of California Cities: CAROLYN COLEMAN, Executive Director. In 2017, he took home $49,920 in salary . Were working together to provide energy that drives human progress. 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. Total Named Director Compensation: The sum of all dollar values above. How accurate is this most likely Total Pay range (base + additional) of $300K-$510K/yr? Box 29000, Presidio Station San Francisco, CA 94129-9000 Fax: 415-923-2013. Estimated total chevron board of directors salary range ( base + additional ) of $ 300K- 510K/yr. Each Committee of the Board expects all Directors to attend regularly scheduled Board and! S ): to assess the routine HIV testing completeness and treatment initiation awards and term! Jobs, or 11 percent of its workforce candidate Jon Huntsman with $ salary! Ronald D. Sugar made $ 385,492 in total compensation that is competitive and appropriate Directors to regularly... 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