Chevron Corporation

Ticker: CVX

Meeting date: 26/05/2021

Meeting type: Annual

Proposal Mgt rec Vote
Management proposals
1a Proposal Elect Director Wanda M. Austin Mgt rec For Vote For
1b Proposal Elect Director John B. Frank Mgt rec For Vote For
1c Proposal Elect Director Alice P. Gast Mgt rec For Vote For
1d Proposal Elect Director Enrique Hernandez, Jr. Mgt rec For Vote For
1e Proposal Elect Director Marillyn A. Hewson Mgt rec For Vote For
1f Proposal Elect Director Jon M. Huntsman, Jr. Mgt rec For Vote For
1g Proposal Elect Director Charles W. Moorman, IV Mgt rec For Vote For
1h Proposal Elect Director Dambisa F. Moyo Mgt rec For Vote For
1i Proposal Elect Director Debra Reed-Klages Mgt rec For Vote For
1j Proposal Elect Director Ronald D. Sugar Mgt rec For Vote For
1k Proposal Elect Director D. James Umpleby, III Mgt rec For Vote For
1l Proposal 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 Mgt rec For Vote Against
2 Proposal Ratify PricewaterhouseCoopers LLP as Auditors Mgt rec For Vote For
3 Proposal Advisory Vote to Ratify Named Executive Officers' Compensation Mgt rec For Vote For
Shareholder proposals
4 Proposal 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 Mgt rec Against Vote For
5 Proposal Report on Impacts of Net Zero 2050 Scenario Mgt rec Against Vote Against
6 Proposal Amend Certificate of Incorporation to Become a Public Benefit Corporation Mgt rec Against Vote Against
7 Proposal Report on Lobbying Payments and Policy Mgt rec Against Vote Against
8 Proposal 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 Mgt rec Against Vote For
9 Proposal Reduce Ownership Threshold for Shareholders to Call Special Meeting Mgt rec Against Vote Against

Disclaimer

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