Chevron Corporation

Ticker: CVX
Meeting date: 26/05/2021
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1a Elect Director Wanda M. Austin For For
1b Elect Director John B. Frank For For
1c Elect Director Alice P. Gast For For
1d Elect Director Enrique Hernandez, Jr. For For
1e Elect Director Marillyn A. Hewson For For
1f Elect Director Jon M. Huntsman, Jr. For For
1g Elect Director Charles W. Moorman, IV For For
1h Elect Director Dambisa F. Moyo For For
1i Elect Director Debra Reed-Klages For For
1j Elect Director Ronald D. Sugar For For
1k Elect Director D. James Umpleby, III For For
1l Elect Director Michael K. Wirth Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO For Against
2 Ratify PricewaterhouseCoopers LLP as Auditors For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation For For
Shareholder proposals
4 Reduce Scope 3 Emissions Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
5 Report on Impacts of Net Zero 2050 Scenario Against Against
6 Amend Certificate of Incorporation to Become a Public Benefit Corporation Against Against
7 Report on Lobbying Payments and Policy Against Against
8 Require Independent Board Chair Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO Against For
9 Reduce Ownership Threshold for Shareholders to Call Special Meeting Against Against

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