Chevron board amended and restated By‑Laws effective Mar 25, 2026: non‑employee directors (not…
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Chevron board amended and restated By‑Laws effective Mar 25, 2026: non‑employee directors (not "independent" directors) now elect the Chairman annually and may elect the Lead Director and a Vice Chairman. $CVX 🏛️ #CorporateGovernance #Chevron
Change follows Chevron’s acquisition of Hess—new director John Hess is a non‑employee but not NYSE‑defined "independent" due to certain acquisition‑related transactions (deemed immaterial). By‑Laws adjusted so he can fully participate. $CVX 🤝 #M&A #NYSE
Board says amendments preserve NYSE compliance and let John Hess join leadership selection and board activities; investors should monitor potential shifts in board influence after the Hess acquisition. $CVX 🔍 #Governance #Investing