2019 | Sustainability Report Caterpillar's Environmental, Social and Governance Approach. ... You may request a copy of the bylaws by writing to Caterpillar Inc. c/o Corporate … Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The Board of Directors is a group of independent non … We manage operational, strategic, financial and legal compliance risks in several ways, including Caterpillarâs Enterprise Risk Management (ERM) program and Compliance program. We encourage and value learning, innovation, and personal growth. Ramin Younessi, Chief Legal Officer, General Counsel and Corporate Secretary Suzette M. Long. The Board of Directors (the “Board”) of Caterpillar Inc. (the “Company”) has adopted the following corporate governance guidelines for the Company (“Guidelines”). Former CEO These efforts are enhanced by regular communications, training and annual assessment processes. To enhance corporate … The committee provides regular updates to the board and may retain advisors and consultants as needed to assist it in fulfilling its responsibilities. Learn more at www.caterpillar.com/governance. Andrew R.J. Bonfield, Chief Human Resources Officer The Public Policy and Governance Committee of our board of directors oversees the company's sustainability efforts as well as efforts on environmental, health and safety activities, including Caterpillar's … Other cookies are used for functional, performance, and targeting purposes to enhance your experience by personalizing content and ads, enabling third party content and features, and enabling us to analyze how this site is used. Chairman and Former CEO The committee also oversees the Guidelines on Corporate Governance … Learn More about our corporate governance framework and voting on matters for the annual meeting in Caterpillarâs Proxy Statement. This site uses cookies to create a better experience for you. Caterpillar committees for Audit, Compensation & Human Resources and Public Policy & Governance. Our global teams advocate on appropriate issues in a manner consistent with all governing laws and Our Values in Action. Where allowable by law, Caterpillar may make corporate contributions to campaigns, individual candidates or political committees in order to support public policies we believe will promote our business interests. Caterpillarâs governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Corporate Profile Whether paving roads, mining essential commodities or extracting the fuels to satisfy global energy demand, Caterpillar products are helping to build a better world. Denise C. Johnson What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. Sempra Energy, Edward B. These standards are developed and implemented by our Board of Directors and the Executive Office. Caterpillar Management Structure Caterpillar is a corporate governance structure where the Chairman of the board acts as the CEO. Governance Overview and Commitment. Our corporate governance … Finning has an established tradition of excellence in corporate governance … Juan Gallardo Upholding the highest governance standards is a key priority of the Finning Board of Directors. President and CEO It is one of the … A steering committee comprised of Caterpillar non-officer employees who represent a diverse mix of U.S. locations and business units oversees all CATPAC disbursements to ensure they promote the companyâs business interests. We advocate for policies, agreements, legislation and regulations that enable us to help our customers build a better world. Through these programs, Caterpillar can better manage risk and gauge the potential impact of various outcomes on our ability to achieve strategic goals. Former Chairman and CEO Caterpillar (U.K.) Limited, as part of the Caterpillar Group, has in place detailed corporate governance arrangements due to the requirements placed upon Caterpillar Inc. as a listed business. Miles D. White READ MORE. All political and advocacy activities at the state, federal and international levels are managed by the vice president of Global Government & Corporate Affairs, who coordinates and reviews with senior management the legislative and regulatory priorities that are significant to the companyâs business as well as related advocacy activities. Former Chairman and CEO Our corporate governance framework serves the … In addition, the boardâs Public Policy and Governance Committee reviews Caterpillarâs significant legislative and regulatory priorities, policy on political activities and contributions, corporate political contributions, trade association participation and the political contribution activities of the Caterpillar Political Action Committee (CATPAC). Caterpillar Inc. Caterpillar CEO Jim Umpleby shares his thoughts on how we are achieving a better world through our business. Caterpillar's products and services alone are not enough to ensure our success. Off … Professor Jim was appointed President of Solar Turbines and Vice President of Caterpillar in 2010. These standards are guided by our board of directors and global management team, who work to oversee the company’s actions, performance and governance … Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. In addition, all Caterpillar employees are annually required to complete training on our Code of Conduct. Former Chairman and CEO In 1999, the Caterpillar Board developed and published guidelines on corporate governance, which among other provisions includes the establishment of a fully independent Board of Directors, with the sole … What follows are my recommendations on how to vote the CAT proxy in order to enhance corporate governance and long-term value. To learn more, please visit our Legal Notices - Cookie page. Other cookies are used for functional, performance, and targeting purposes to enhance your experience by personalizing content and ads, enabling third party content and features, and enabling us to analyze how this site is used. Before this can be discussed, business ethics must be clarified so as to minimize confusion. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. Each committee comprised solely of independent directors. See highlights of our corporate governance … Caterpillar Inc Proxy Voting Guide: ISS Rating From the Yahoo Finance profile: Caterpillar Inc.’s ISS Governance … Home Main. William P. Ainsworth Each year, we conduct a comprehensive enterprise risk assessment by reviewing risk information from multiple sources, including business units. This Data Governance Statement describes the practices of Caterpillar Inc. (together with our Affiliates, “Caterpillar,” “we,” “us” or “our”) for collecting information from distribution networks … Kelly A. Ayotte ... Caterpillar Inc. (CAT) manufactures and sells … The actions taken by governments around the world can have significant impact â both positive and negative â on Caterpillar, our employees, dealers, suppliers and customers. Our governance framework includes the following highlights: The Public Policy and Governance Committee of our board of directors oversees the company's sustainability efforts as well as efforts on environmental, health and safety activities, including Caterpillar's products and services that support sustainable development of global resources. Corporate Governance Involvement. The board of directors is fully independent and is made up of non-employee … CORPORATE GOVERNANCE Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Northern Trust Corporation and The Northern Trust Company, Debra L. Reed-Klages We believe that a strong governance framework creates long-term value for our shareholders, strengthens board and management accountability and builds trust in the company and our brand. Caterpillar 2020 annual meeting is 6/10/2020 at 6AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. A sustainability strategy and long-term, aspirational goals keep us focused on what matters. ... From 2004 to 2007, she was the Vice President of Caterpillar's Logistics Division and served as Chairman and President of Cat Logistics Services, Inc., formerly a wholly owned subsidiary of Caterpillar… We compensate senior executives in part according to their ability to mitigate the risks as described in their performance goals. We are committed to supporting these organizations, which champion public policies that contribute to the success and growth of the business community. We integrate enterprise and business unit risk mitigation plans into individual performance goals of the Executive Office members. The new corporate structure and governance, created a separation between the ownership and the operational management making C.A.T. Caterpillar has a corporate governance structure where the chairman of the board also acts as chief executive officer (CEO). Diversified Businesses AT&T Inc. Chairman and CEO Rayford Wilkins, Jr. of Public Policy and Former U.S. Trade Representative. This site uses cookies to create a better experience for you. In partnership with a worldwide dealer network, the Company delivers products, services, and technologies in three principal lines of business: Machinery, Engines and Financial Products. With 2019 sales and revenues of $53.8 billion, Caterpillar … Corporate Governance. Caterpillar Inc. (NYSE:CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Risk is an inherent part of conducting global business. Former U.S. Business unit personnel and compliance professionals implement controls and processes to meet those requirements with the support of compliance professionals, legal personnel and subject matter advisors with specific expertise. Our corporate governance framework serves the interests of shareholders with the highest standards of responsibility, integrity and commitment to enhance shareholder value over the long term. Caterpillar’s corporate governance program ensures we serve the interests of shareholders and other stakeholders with the highest standards of responsibility, integrity and compliance with all laws. Additional information regarding Caterpillarâs corporate contributions, CATPAC contributions and trade association memberships is available on our political engagement website. We also review compliance risks as part of the ERM risk assessment process and manage them as part of Caterpillarâs Compliance program. The companyâs officers share accountability for business risks, and the board has oversight of the enterprise process. Cheryl H. Johnson, Group Presidents Caterpillar 2018: ISS Rating From the Yahoo Finance profile: Caterpillar Inc.’s ISS Governance … The Boeing Company, Daniel M. Dickinson … State Farm Mutual Automobile Insurance Company, Susan C. Schwab The board implements its risk oversight function both as a board and through delegation to board committees, which meet regularly and report back to the board. Corporate Governance CorpGov.net: improving accountability through democratic corporate governance since 1995. University of Maryland School The importance of following the corporate ERM process is communicated throughout the organization from the CEO down. Executive Chairman of the Board Caterpillar publishes extensive information about their governance … Business ethics, by definition, are “The study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate … Chairman and CEO D. James Umpleby III, Chief Financial Officer Independence. Some of these cookies are set automatically because theyâre necessary for the site to perform. Rust, Jr. Organización CULTIBA, S.A.B de C.V. William A. Osborn Some of these cookies are set automatically because theyâre necessary for the site to perform. As a result, we have seen strong engagement among senior leaders. Caterpillar Inc. (“Caterpillar”, “we” or “our”) is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and … Corporate Governance initiatives and board composition in Caterpillarâs. “Finning’s Board of Directors is committed to playing an active role in supporting the realization of the Company’s strategy through upholding the highest standards of corporate governance … This committee also reviews Caterpillarâs annual political contributions and recommends the amount the company should contribute to the Caterpillar Foundation. The Board of Directors (the “Board”) of Caterpillar Inc. (the “Company”) has adopted the following corporate governance guidelines for the Company (“Guidelines”). Caterpillar uses a proprietary core management system to globally manage core returns from dealers and Caterpillar inspection facilities and determine the core credit amounts that will be refunded. What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. Governance docs are reviewed annually or more often if necessary. Home; Education. Caterpillar Governance Documents provide the framework for the governance of Caterpillar. ORGANIZATIONAL STRUCTURE/CORPORATE MANAGEMENT CONTROLS Corporate Governance Mission Statement: o Caterpillar’s corporate governance program ensures we serve the interests of … Caterpillar… Compensation CAT’s Summary Compensation Table … As part of this training, employees must certify that they have read, understand and will comply with the Code of Conduct. Operationally, our risk culture is embedded within the business through performance scorecards. Abbott Laboratories. We expect the best of each other. Since 1925, Caterpillar … CATPAC is funded through voluntary contributions by eligible individuals, who primarily are U.S.-based employees. 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