CHEVRON CORP
Shareholder Proposals
Item 4
Require separation of Chevron’s Chairman and CEO roles and adopt a Board policy preferring an independent, non-former-CEO Chair.
This proposal requests that the Board adopt a formal policy separating the roles of Board Chair and Chief Executive Officer and, when feasible, require the Chair to be an independent director who is not a former CEO. It would permit a temporary non-independent Chair only while the Board seeks a permanent independent Chair, and asks the Board to amend governance documents as necessary. The proponent argues separation strengthens independent oversight and mitigates concentration of authority, referencing trends and governance recommendations from proxy advisers and governance studies. It is a structural governance proposal focused on Board leadership and oversight.
Item 5
Publish a report assessing the effectiveness of Chevron’s policies and practices in respecting Indigenous Peoples’ rights consistent with UNDRIP and FPIC, and evaluate remediation processes.
The proposal asks Chevron to publish a report, at reasonable cost and excluding proprietary information, evaluating how effectively the company’s policies, practices, and performance indicators respect Indigenous Peoples’ rights consistent with UNDRIP and the right to Free, Prior, and Informed Consent. The report could cover current operations and examine how past harms have been addressed, including remediation processes and grievance mechanisms. The proposal’s supporting statement cites operational overlaps with Indigenous territories and argues such intersections create legal, reputational, and operational risks that warrant transparent assessment. The request emphasizes stakeholder expectations and alignment with international human rights norms.
Item 6
Commission an independent third-party assessment of Chevron’s human-rights due-diligence processes for customers, counterparties, and partners and publicly disclose the findings.
This proposal requests that the Board commission an independent, stakeholder-informed third-party report evaluating the adequacy and effectiveness of Chevron’s due-diligence framework for identifying, assessing, and mitigating human rights risks connected to customers, counterparties, and business partners. The assessment should consider whether Chevron’s processes prevent direct or indirect facilitation of human rights abuses and should include consultation with affected communities, rights defenders, investors, and civil society experts, consistent with international standards such as the UN Guiding Principles on Business and Human Rights. The supporting statement references operating in conflict-affected or high-risk areas and argues that enhanced transparency and independent review would mitigate legal, reputational, and operational risks. The proposal seeks public disclosure of the report while allowing omission of proprietary information.