CORPORATE GOVERNANCE Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. As a result, we have seen strong engagement among senior leaders. Learn More about our corporate governance framework and voting on matters for the annual meeting in Caterpillar’s Proxy Statement. In addition, all Caterpillar employees are annually required to complete training on our Code of Conduct. 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. With 2019 sales and revenues of $53.8 billion, Caterpillar … What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. Governance Overview and Commitment. What follows are my recommendations on how to vote the CAT proxy in order to enhance corporate governance and long-term value. Corporate Governance. Our global teams advocate on appropriate issues in a manner consistent with all governing laws and Our Values in Action. This site uses cookies to create a better experience for you. ORGANIZATIONAL STRUCTURE/CORPORATE MANAGEMENT CONTROLS Corporate Governance Mission Statement: o Caterpillar’s corporate governance program ensures we serve the interests of … CATPAC contributions are made only in federal and state elections. Organización CULTIBA, S.A.B de C.V. William A. Osborn 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. 2019 | Sustainability Report Caterpillar's Environmental, Social and Governance Approach. Operationally, our risk culture is embedded within the business through performance scorecards. Caterpillar Management Structure Caterpillar is a corporate governance structure where the Chairman of the board acts as the CEO. Caterpillar Inc. The Board of Directors (the “Board”) of Caterpillar Inc. (the “Company”) has adopted the following corporate governance guidelines for the Company (“Guidelines”). 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 Bob De Lange These Guidelines reflect the Board’s … We encourage and value learning, innovation, and personal growth. “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 … Additional information regarding Caterpillar’s corporate contributions, CATPAC contributions and trade association memberships is available on our political engagement website. President and CEO Upholding the highest governance standards is a key priority of the Finning Board of Directors. Caterpillar committees for Audit, Compensation & Human Resources and Public Policy & Governance. As part of this training, employees must certify that they have read, understand and will comply with the Code of Conduct. We compensate senior executives in part according to their ability to mitigate the risks as described in their performance goals. Since 1925, Caterpillar … By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. The actions taken by governments around the world can have significant impact – both positive and negative – on Caterpillar, our employees, dealers, suppliers and customers. We also review compliance risks as part of the ERM risk assessment process and manage them as part of Caterpillar’s Compliance program. The company’s officers share accountability for business risks, and the board has oversight of the enterprise process. ... You may request a copy of the bylaws by writing to Caterpillar Inc. c/o Corporate … The new corporate structure and governance, created a separation between the ownership and the operational management making C.A.T. Managing Partner Through these programs, Caterpillar can better manage risk and gauge the potential impact of various outcomes on our ability to achieve strategic goals. The committee provides regular updates to the board and may retain advisors and consultants as needed to assist it in fulfilling its responsibilities. the first construction company in the Middle East with an … View Caterpillar's 2019 Annual Report and Sustainability Report 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. The importance of following the corporate ERM process is communicated throughout the organization from the CEO down. Rust, Jr. Caterpillar also maintains memberships in trade associations and business groups that may engage in advocacy on behalf of segments of the business community. Home Main. These standards are developed and implemented by our Board of Directors and the Executive Office. A sustainability strategy and long-term, aspirational goals keep us focused on what matters. These efforts are enhanced by regular communications, training and annual assessment processes. We integrate enterprise and business unit risk mitigation plans into individual performance goals of the Executive Office members. Before this can be discussed, business ethics must be clarified so as to minimize confusion. Corporate Governance initiatives and board composition in Caterpillar’s. Former Chairman and CEO Some of these cookies are set automatically because they’re necessary for the site to perform. Kelly A. Ayotte It is one of the … Risk is an inherent part of conducting global business. These risks cover a broad range of issues, including legal and regulatory compliance. Abbott Laboratories. To enhance corporate … 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 … Caterpillar regularly identifies and monitors business risks through a robust internal management system and engages in constructive regulation and public policy discussions that benefit employees, customers and shareholders. What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. … Learn more at www.caterpillar.com/governance. By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. 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’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. We expect the best of each other. The Compliance program establishes enterprise-level compliance expectations. Jim was appointed President of Solar Turbines and Vice President of Caterpillar in 2010. Former Chairman and CEO This site uses cookies to create a better experience for you. Independence. To better inform our decision-making, Caterpillar evaluates risks at the business unit and enterprise levels on three dimensions: The results of this ERM risk assessment are incorporated into action plans to mitigate the identified risks. And the Executive Office Environmental, Social and governance Approach voting on matters for the meeting. Must be clarified so as to minimize confusion board of Directors annual political contributions recommends... 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