Management Planning and Ethics Paper
Currently celebrating its 125th anniversary, Chevron is the second-largest U.S.-based energy company and the fifth largest in the world, based on market capitalization. More than 50,000 Chevron employees work in approximately 180 countries around the world; take in to consideration legal issues, ethics, and corporate social responsibility when producing and transporting crude oil and natural gas, and marketing and distributing fuels and other energy products. Chevron is an international leader in finding, producing, and marketing oil and gas, as well as other energy products Chevron is based in San Ramon, Calif. Chevron-branded products hold top-tier rankings worldwide.
As part of Chevron effort to develop and implement a more integrated corporate responsibility strategy, they are reviewing their existing management systems and processes to identify where corporate responsibility considerations can be more fully or consistently integrated into them. They are in process already in place to systematically address health environment and safety considerations, ethics and compliance performance, and human resources issues.
The company's management systems are their strategic and business planning process. This process is designed to set and build internal alignment around the strategic direction for the company. It also incorporates an assessment of the future risks and uncertainties that Chevron faces. The strategic and business planning process sets performance objectives for each business unit, including those related to health, environment safety, and reliability. Managers at all levels are expected to systematically monitor performance against their objectives.
Sound governance of Chevron is an integral part of corporate responsibility. Chevron corporate governance guidelines, in conjunction with the company's restated certificate of incorporation, by law and board committee charters, form the governance framework. The guidelines cover a range of topics including the overall role of the board membership and director independence, specifics on board committees, ethical expectation for...