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. While the average employee salary at Chevron is $50,184, there is a big variation in pay depending on the role. 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. Were working together to provide energy that drives human progress. 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 dedicates at least one Board meeting each year to focus on strategic planning. 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. pdf opens in new window, proxy statement Learn about salaries, benefits, salary satisfaction and where you could earn the most. 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. 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. View detailed CVX description & address. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. 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 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. 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. To read more about any of the committees click on the committee name listed at the top of the table. Any independent Director can request that an executive session be scheduled. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Facilities Engineer salaries - 184 salaries reported, Petroleum Engineer salaries - 171 salaries reported, Software Engineer salaries - 117 salaries reported, Programmer Analyst salaries - 116 salaries reported, Financial Analyst salaries - 113 salaries reported, Reservoir Engineer salaries - 111 salaries reported, Process Engineer salaries - 105 salaries reported, Business Analyst salaries - 91 salaries reported, Project Manager salaries - 86 salaries reported, Customer Service Representative salaries - 69 salaries reported, Drilling Engineer salaries - 69 salaries reported, IT Professional salaries - 62 salaries reported, Reservoir Simulation Engineer salaries - 58 salaries reported, Research Scientist salaries - 53 salaries reported, Geologist salaries - 50 salaries reported, Sales Associate/Cashier salaries - 49 salaries reported. The Board expects all Directors to attend regularly scheduled Board meetings and the Annual Meeting of stockholders, unless there are extenuating circumstances. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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 . US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their . The Board has also established stock ownership guidelines for executive officers of the Corporation. executive summary climate change resilience report, new energies: growing our lower carbon businesses. The Committee will consider these factors at least annually, as well as any conflicts of interest, in connection with the advisers continued retention. The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Lead Director;Retired President and Chief Executive Officer, Vice Chairman, Oaktree Capital Group, LLC, Professor Emeritus of Chemical Engineering, Imperial College London and Retired President, Imperial College London, Retired Chairman, President and Chief Executive Officer, Lockheed Martin Corporation, Former Governor of Utah and U.S. This report is not for commercial use. The Executive Committee of Shell plc is led by Chief Executive Officer (CEO) Wael Sawan. 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. Chevron's Board committeemembership is shown below. 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. Mandatory retirement for employee Directors is age 65. Below is a summary of our committee structure and membership information. 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). 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. In his 40 years with the company, he has gained extensive industry and international experience through a wide variety of leadership roles. Get the right Board of directors job with company ratings & salaries. 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. Non-employee Directors receive compensation that is competitive, links rewards to business results and stockholder returns, and facilitates increased ownership of the Corporation's stock. pdf opens in new window, corporate governance guidelines Nigeria. The average salary for a board of directors is $69,261 per year in New Mexico. Chevron Corporation If stockholder approval is not obtained, the rights plan would terminate not later than 30 days after the vote has been certified by the inspector of elections. $0 was received as options, 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 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. The Corporate Secretary and Chief Governance Officer will compile the communications, summarize . The lowest-paying job at Chevron is a Cashier with a salary of $36,136 per year. 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. The Board and each Board Committee conduct a self-evaluation annually. Rice made $85,444 in total compensation. 6001 Bollinger Canyon Road The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. ; 71% of the management team is White. Name. The Board will obtain stockholder approval of any stockholder rights plan. $10,492 came from other types of compensation. Ambassador to Russia, China, and Singapore, Senior advisor to Amtrak and Retired Chairman and Chief Executive Officer, Norfolk Southern Corporation, Retired Chairman, Chief Executive Officer and President, 2 salaries reported, updated at April 1, 2022. How much do Chevron employees make? Chairman of the Board and 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). 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. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. $279,000 per year AIMS K-12 College Prep Charter District . The proceedings and deliberations of the Board and its Committees are confidential. 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. Browse 197 Executive Assistant to Board Director vacancies live right now in Hampstead Garden Suburb 475:1. 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 average Chevron salary ranges from approximately $36,136 per year for a Cashier to $480,647 per year for a Vice President. 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