2024 ESG Report FINAL - Report - Page 65
Governance
Please see next page for
Board of Director names
and committees.
• Financial statements and public financial information integrity;
• Compliance with legal and regulatory requirements, with a focus on those with the potential
to impact its financial statements or accounting policies;
• Policies and guidelines concerning financial risk exposures and the steps management has
taken to monitor and control such exposures;
• Global compliance and ethics program, and annual compliance plan;
• Independent auditor and internal audit function; and
• Initiatives and strategies with respect to cybersecurity and information technology (IT) risks.
• Management succession planning for Valero's CEO and other senior executives;
• Valero's initiatives and strategies in the areas of human capital management and
leadership development; and
• Compliance with Valero's Stock Ownership and Retention Guidelines.
• Ensuring that the Board and its committees have the necessary mix of knowledge, skills,
experience and other attributes;
• Identifying and recommending qualified director nominees;
• Developing and recommending a set of corporate governance principles applicable to
Valero;
• The Board's and its committees' annual self-evaluation of performance;
• Valero's new director orientation and director continuing education programs; and
• Reviewing and acting on any related-party transactions.
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HSE matters;
Sustainability and climate-related risks and opportunities;
Corporate responsibility and reputation management;
Social, community, and public policy strategies and initiatives;
Political issues, including political contributions and lobbying activities; and
Compliance with legal and regulatory requirements for the operations of the company.
Valero's Management / Employees
• Risks and other matters related to our compensation and talent management programs,
policies and strategies, including Valero's benefit plans;
Management and
other employees
engage in day-to-day
risk identification and
management, and
promote safety, through:
• Executing our risk
identification and
management
programs, plans and
systems, such as our
CTEMS, EERA and FMS;
• Taking an
interdisciplinary
approach that
coordinates the
views of various
teams and subject
matter experts
across Valero, and
facilitates continual
communication on
risk-related matters;
and
• Reporting to the
Board and its
committees, and
engaging with
stockholders and
stakeholders
throughout the year.
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