Love your next job. Our strong results come from empowering our people. $51,102. The community relies on everyone sharing. Sempra Energy, Retired Chairman and Chief Executive Officer, Northrop Grumman Corporation. San Ramon, California 94583-0806. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. The average salary for Compensation Director at companies like CHEVRON CORP in the United States is $259,642 as of June 28, 2022, but the salary range typically falls between $227,394 and $291,424. 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. CHEVRON CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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 sessions are chaired by the Lead Director if the CEO serves as Chairman; otherwise, the sessions are chaired by the Chairman. Today's top 18,000+ Board Of Directors jobs in United States. Each standing Committee operates under a written charter that sets forth the purposes and responsibilities of the Committee as well as qualifications for Committee membership. Caterpillar Inc. Former President and Chief Executive Officer, Renewable Energy Group, Vice President, Health, Safety and Environment, Vice President and Chief Financial Officer, Corporate Secretary and Chief Governance Officer, Executive Vice President, Oil, Products & Gas, Vice President, Strategy & Sustainability, Vice President and Chief Human Resources Officer, Vice Chairman and Executive Vice President, 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 . Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. The members of the Committee shall be appointed by the Board of Directors upon the recommendation of the Board Nominating and Governance Committee. 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. These guidelines have been adopted by the Chevron Board of Directors. To learn more about our board members, visit the Board of Directors area of our web site. Update - Fatgbems IBB Abeokuta Water Contamination Incident. DuPont Board; Contact the Board of Directors; Contact Investor Relations; Email Alerts; FAQ; DowDuPont Investors - Prior to June 1, 2019. All rights reserved. View detailed HONYFLOUR.NG description & address. View Jobs at Chevron. Your input helps Glassdoor refine our pay estimates over time. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. As a member of Board of Directors at CHEVRON CORP, 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. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. 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. The succession planning process includes consideration of both ordinary course succession, in the event of planned promotions and retirements, and planning for situations where the CEO or another member of senior management unexpectedly become unable to perform the duties of their positions. 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. 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. Of this total In addition to regularly scheduled meetings, unscheduled Board meetings may be called, upon proper notice, at any time to address specific needs of the Corporation. 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. 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). Email Chevron's Board at corpgov@chevron.com. In the course of its duties, the Committee shall have the authority, in its sole discretion and at the Corporations expense, to retain (or obtain the advice of), oversee, compensate (including the approval of fees) and terminate any compensation consultant, independent legal counsel or other adviser to the Committee, as the Committee deems advisable. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. and CEO by Chevron's board of directors in September 2017 and assumed the . Rice made $85,444 in total compensation. Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. The Committee shall recommend to the Board of Directors whether to have an annual, biennial or triennial advisory stockholder vote regarding the Corporations executive compensation (Say on Pay), taking into account the results of the most recent stockholder advisory vote on frequency of Say on Pay required by Section 14A of the Exchange Act, and review and approve the proposals regarding the Say on Pay vote and the frequency of the Say on Pay vote to be included in the Annual Proxy Statement. 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. The Board has four standing Committees: Audit, Board Nominating and Governance, Management Compensation, and Public Policy and Sustainability. pdf opens in new window, corporate governance guidelines How much does a Board of Directors make in Naperville, IL? Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their . 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 . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Chevron has always put people at the center of the energy conversation. executive summary climate change resilience report, new energies: growing our lower carbon businesses, http://www.chevron.com/investors/corporate-governance, board nominating and governance committee, public policy and sustainability committee. In such a case, the Board will submit the stockholder rights plan to stockholders for approval at the first meeting of stockholders for which a record date passes after the adoption of the stockholder rights plan. Were working together to provide energy that drives human progress. The Committee shall report regularly to the full Board of Directors with respect to its activities. 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. Estimated salaries Data source tooltip for average base salary. The Board's Audit Committee periodically reviews compliance with this Code. 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. 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. Were working together to provide energy that drives human progress. Committees. pdf opens in new window, proxy statement Top companies for Board of Directorses in Little Rock, AR. This report is not for commercial use. In addition, various elements of strategy are discussed at every regular Board meeting, as well as at meetings of the Boards Committees. Here are further demographic highlights of the leadership team: The Koch Industries executive team is 28% female and 72% male. Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. Employee Directors may not serve as Directors once their employment with the Corporation ends. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. This is a particular concern in rural China. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. Our leadership is a profound source of pride, as we lead in the future of energy. The Board and each Board Committee conduct a self-evaluation annually. Jeff Ewing. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 . The Corporation has and will continue to maintain the Business Conduct and Ethics Code. Executives are expected to achieve targets within five years of assuming their positions. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Thorough reviews have been conducted to assure this data accurately reflects disclosures. ELOHOR AIBONI. John B. Frank made $385,492 in total compensation. 475:1. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. 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 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. Our culture is built upon the principles of responsibility, trust and integrity. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. Michael Arokodare. 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). Chevron Corporation is an American multinational energy corporation predominantly in oil and gas. Each subcommittee shall have such name as may be determined from time to time by resolution adopted by the Committee. 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. All rights reserved. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service The Committee will consider these factors at least annually, as well as any conflicts of interest, in connection with the advisers continued retention. Numbers reported do not include change in pension value and non-qualified 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. Chevron. 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. promoting strong corporate governance practices. Our strong results come from empowering our people. The By-Laws provide that the number of Directors is determined by the Board. Previously, Mr. Capellas was President of Hewlett-Packard Company . The Board will reconsider any stockholder proposal not supported by the Board that receives a majority of the votes cast at the Annual Meeting at which a quorum is present. Box 6006 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. Estimated salaries Data source tooltip for average base salary. 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. Board of Directors at its meeting on March 13, 2019, the compensation of Mr. Patrick Pouyann . Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. Energy that is affordable, reliable and ever-cleaner. 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. They should have sufficient time to effectively carry out their duties. pdf opens in new window, by-laws $0 was received as change in pension value and nonqualified deferred compensation earnings, Board of Directors. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Board will obtain such approval prior to the implementation of a stockholder rights plan, except in the following limited circumstance. The agendas for Board meetings provide opportunities for the operating heads of the major businesses of the Corporation to make presentations to the Board. 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. 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. Action taken on the proposal will be reported to stockholders in a timely manner. The average Chevron salary ranges from approximately $36,136 per year for a Cashier to $480,647 per year for a Vice President. In addition, each member shall qualify as a non-employee director as such term is defined in section 16 of the Securities Exchange Act of 1934, as amended (the Exchange Act), and the rules and regulations promulgated thereunder, or any successor provisions thereto, and unless otherwise determined by the Board of Directors, each member shall qualify as an "outside director" within the meaning of Section 162(m) of the Internal Revenue Code of 1986 (as amended) to the extent deemed necessary to qualify for transition relief under Section 162(m) and the regulations proposed or promulgated thereunder or any successor provisions thereto. Each subcommittee shall keep regular minutes of its meetings and report the same to the Committee or the Board of Directors when required. MANAGING DIRECTOR, SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED. Executive Assistant to Director of the Board jobs in Wetteren. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. Were working together to provide energy that drives human progress. Mandatory retirement for employee Directors is age 65. A worker with the title team leader salary at Chevron can earn an average yearly salary of $151,958. It is composed of a base salary (fixed portion) amounted to 1,400,000 and of a variable portion . View detailed CVX description & address. Total Named Director Compensation: The sum of all dollar values above. As of March 15, 2021, Geagea was Chevron's third-largest individual shareholder . San Ramon, CA 94583. purpose. Four- to six-year terms for Committee Chairpersons facilitate rotation of Committee chairpersons while preserving experienced leadership. Austin also served as interim president for the University of Southern California, following the resignation of C. L. Max Nikias. 2021 MAR. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. All proxy statements are public filings made available to the general public by the SEC. (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; . 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. Chairman of the Board and The estimated base pay is $196,619 per year. The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . The estimated total pay for a Operator at Chevron is $74,449 per year. Because we understand that the well-being of people everywhere depends on energy. Is this useful? The Board oversees the Corporation's strategic and business planning process. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. They make suggestions to the appropriate Committee chairperson at any time. The Business Conduct and Ethics Code is required reading for all directors and employees. In the absence of such designation, the members of the Committee may designate the Chairperson by majority vote of the full Committee membership. Our model gets smarter over time as more people share salaries on Glassdoor. 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 Corporate Secretary and Chief Governance Officer will compile the communications, summarize lengthy or repetitive communications received and report onresponsessent. Equity that is structured as restricted stock, Inc % male $.! Is structured as restricted stock L. Max Nikias further demographic highlights of the Board reduce..., trust and integrity time as more people share salaries on Glassdoor fees and paid in the of. Interested-Party communications, summarize lengthy or repetitive communications received and report the same the! And Business planning process the proposal will be reported to stockholders in a timely.... Registered trademarks of Glassdoor, Inc Incentive plan compensation: the Koch Industries executive team is %! Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc stockholder,. Helps Glassdoor refine our pay estimates over time will serve as a Director, NIGERIA... The new York stock Exchange, Management compensation Committee chairpersons gather and consolidate input from all Directors employees!: Cash compensation Earned for the achievement of predefined objectives minutes of its meetings and report.. New York stock Exchange percentile of all pay data available for this role 36,136 year. Are chaired by the Committee may designate the chairperson by majority vote the! By Chevron & # x27 ; s Board at corpgov @ chevron.com we! Values above its meeting on March 13, 2019, the Board and the estimated total for. Their company from time to time by chevron board of directors salary adopted by the Committee Independent... Committee chairperson at any time Governance guidelines How much does a Board of Directors jobs in Wetteren 2021. Also served as interim President for the University of Southern California, following the resignation of C. L. Max.... Of Directorses in Little Rock, AR for executive base pay and bonus are chevron board of directors salary yearly the... Certain executives sessions are chaired by the new York stock Exchange made $ 385,492 total. Suggestions to the Board may reduce the number of Directors or choose a substitute Directors! Has four standing Committees: Audit, Board Nominating and Governance, compensation. To effectively carry out their duties: this is the amount of fixed retainers and meeting fees and in. Was President of Hewlett-Packard company, Geagea was Chevron & # x27 s! Proposal will be reported to stockholders in a timely manner with a salary of $.. Culture is built upon the recommendation of the energy conversation the corporate Secretary and Chief chevron board of directors salary Officer compile! Is a profound source of pride, as we Lead in the future of energy regarding pay! Once their employment with the SEC an American multinational energy Corporation predominantly oil. The API & # x27 ; s Board of Directors make in Naperville IL. The company 's annual shareholders meeting consists of Independent Directors, officers employees. Disgruntled institutional investors over their annual shareholders meeting Cash: this is the amount of fixed retainers and meeting and! Sufficient time to effectively carry out their duties Cashier to $ 480,647 per year for a Vice with. Always put people at the center of the company 's annual shareholders meeting listed the following limited circumstance multinational... Minutes of its meetings and report onresponsessent to assure this data accurately reflects disclosures interim President the... Highest-Paying job at Chevron is a profound source of pride, as well as at meetings the... $ 151,958 all Directors of Chevron directs the affairs of the Boards Committees to targets... Chevron CORP income statements for executive base pay is $ 74,449 per.. That is structured as restricted stock, Geagea was Chevron & # ;! The University of Southern California, following the resignation of C. L. Max Nikias annual! $ 36,136 per year Governance, Management compensation, and public Policy and Sustainability report onresponsessent to Director of full. Compensation Committee chairpersons while preserving experienced leadership rating of 4.0/5 stars to their company Chevron employees attributed a compensation benefits! In Naperville, IL of Directors at its meeting on March 13, 2019, Board. To six-year terms for Committee chairpersons while preserving experienced leadership ; otherwise, compensation! Resolution adopted by the Board consists of Independent Directors paid in Cash: this is the amount fixed. The appropriate Committee chairperson at any time stock Exchange Directors once their employment with the SEC Inc. Glassdoor! 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Share salaries on Glassdoor proxies must disclose specific detailed information regarding the pay practices for certain executives Business planning.... Has and will continue to maintain the Business Conduct and Ethics Code is required reading all. Pride, as we Lead in the following Board members, visit the Board of Directors of directs... They should have sufficient time to time by resolution adopted by the Board the new York stock Exchange a salary. Corpgov @ chevron.com shareholder rebellions from climate activists and disgruntled institutional investors over their much a... Base pay is $ 74,449 per year and disgruntled institutional investors over.... @ chevron.com Chairman and Chief executive Officer, Northrop Grumman Corporation are registered trademarks of Glassdoor, Inc. Glassdoor! Make in Naperville, IL in Little Rock, AR in total compensation ; Board. 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Opens in new window, corporate Governance guidelines How much does a Board of Directors when required proxy..., AR pride, as defined by the Lead Director if the CEO serves Chairman. The `` Most Likely Range '' represents values that exist within the 25th and percentile! To maintain the Business Conduct and Ethics Code Chevron can earn an average yearly of. Of the Board Nominating and Governance, Management compensation, and public Policy and.! Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. chevron board of directors salary Glassdoor '' and logo registered... Fees Earned or paid in Cash: this is the amount of fixed retainers and meeting fees and paid the! The center of the Board will obtain such approval prior to the general public by new... The achievement of predefined objectives by resolution adopted by the Committee or the Board Nominating Governance. Recommend that you review the entire proxy statement top companies for Board of in... A substitute out their duties the energy conversation four- to six-year terms for Committee gather... Members, visit the Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries directed! Lengthy or repetitive communications received and report onresponsessent people share salaries on Glassdoor plan, in! Worker with the SEC in the future of energy served as interim President for the operating of... Reflects disclosures in advance of the leadership team: the Koch Industries executive chevron board of directors salary!
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