2019 | Sustainability Report Caterpillar's Environmental, Social and Governance Approach. 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. President and CEO We encourage and value learning, innovation, and personal growth. Operationally, our risk culture is embedded within the business through performance scorecards. View Caterpillar's 2019 Annual Report and Sustainability Report The Board of Directors (the “Board”) of Caterpillar Inc. (the “Company”) has adopted the following corporate governance guidelines for the Company (“Guidelines”). The board of directors is fully independent and is made up of non-employee … 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. Governance docs are reviewed annually or more often if necessary. Since 1925, Caterpillar … 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. READ MORE. HCI Equity Partners. Governance Overview and Commitment. 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. 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 … CATPAC is funded through voluntary contributions by eligible individuals, who primarily are U.S.-based employees. 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. … The committee also oversees the Guidelines on Corporate Governance … Former U.S. D. James Umpleby III University of Maryland School Miles D. White State Farm Mutual Automobile Insurance Company, Susan C. Schwab What follows are my recommendations on how to vote the CAT 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. 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. We manage operational, strategic, financial and legal compliance risks in several ways, including Caterpillar’s Enterprise Risk Management (ERM) program and Compliance program. Risk is an inherent part of conducting global business. 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. Managing Partner 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. From 2013 to 2016, he led Caterpillar’s Energy & Transportation business segment as Group President. This site uses cookies to create a better experience for you. Former Chairman and CEO 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 … 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. 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. 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. Caterpillar CEO Jim Umpleby shares his thoughts on how we are achieving a better world through our business. Compensation CAT’s Summary Compensation Table … ... Caterpillar Inc. (CAT) manufactures and sells … ... 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… What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. Off … Corporate Governance initiatives and board composition in Caterpillar’s. The board has delegated the oversight of specific risks to board committees that align with their functional responsibilities. These Guidelines reflect the Board’s … Organización CULTIBA, S.A.B de C.V. William A. Osborn Bob De Lange Caterpillar Inc Proxy Voting Guide: ISS Rating From the Yahoo Finance profile: Caterpillar Inc.’s ISS Governance … This committee also reviews Caterpillar’s annual political contributions and recommends the amount the company should contribute to the Caterpillar Foundation. Our global teams advocate on appropriate issues in a manner consistent with all governing laws and Our Values in Action. Through these programs, Caterpillar can better manage risk and gauge the potential impact of various outcomes on our ability to achieve strategic goals. Each committee comprised solely of independent directors. 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. of Public Policy and Former U.S. Trade Representative. CATPAC contributions are made only in federal and state elections. The company’s officers share accountability for business risks, and the board has oversight of the enterprise process. Caterpillar has a corporate governance structure where the chairman of the board also acts as chief executive officer (CEO). Andrew R.J. Bonfield, Chief Human Resources Officer By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. The Board of Directors is a group of independent non … Some of these cookies are set automatically because they’re necessary for the site to perform. We also review compliance risks as part of the ERM risk assessment process and manage them as part of Caterpillar’s Compliance program. Senator Representing New Hampshire, David L. Calhoun Chairman and Former CEO Caterpillar Governance Documents provide the framework for the governance of Caterpillar. What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. The Compliance program establishes enterprise-level compliance expectations. Our corporate governance … Before this can be discussed, business ethics must be clarified so as to minimize confusion. Corporate Governance CorpGov.net: improving accountability through democratic corporate governance since 1995. Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. We advocate for policies, agreements, legislation and regulations that enable us to help our customers build a better world. We compensate senior executives in part according to their ability to mitigate the risks as described in their performance goals. This site uses cookies to create a better experience for you. Some of these cookies are set automatically because they’re necessary for the site to perform. Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. Caterpillar's products and services alone are not enough to ensure our success. Kelly A. Ayotte Caterpillar Management Structure Caterpillar is a corporate governance structure where the Chairman of the board acts as the CEO. By clicking 'I Accept', you are agreeing to our use of functional, performance and targeting cookies. It is one of the … Juan Gallardo 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. Cheryl H. Johnson, Group Presidents Diversified Businesses AT&T Inc. Chairman and CEO These risks cover a broad range of issues, including legal and regulatory compliance. Jim was appointed President of Solar Turbines and Vice President of Caterpillar in 2010. 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 company’s business as well as related advocacy activities. Home Main. William P. Ainsworth 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. Learn more at www.caterpillar.com/governance. A sustainability strategy and long-term, aspirational goals keep us focused on what matters. Rayford Wilkins, Jr. The new corporate structure and governance, created a separation between the ownership and the operational management making C.A.T. As part of this training, employees must certify that they have read, understand and will comply with the Code of Conduct. We expect the best of each other. These efforts are enhanced by regular communications, training and annual assessment processes. 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 … To learn more, please visit our Legal Notices - Cookie page. To enhance corporate … What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. He was elected Chairman of Caterpillar… Professor With 2019 sales and revenues of $53.8 billion, Caterpillar … Caterpillar also maintains memberships in trade associations and business groups that may engage in advocacy on behalf of segments of the business community. In addition, the board’s Public Policy and Governance Committee reviews Caterpillar’s 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). Former Chairman and CEO We integrate enterprise and business unit risk mitigation plans into individual performance goals of the Executive Office members. ORGANIZATIONAL STRUCTURE/CORPORATE MANAGEMENT CONTROLS Corporate Governance Mission Statement: o Caterpillar’s corporate governance program ensures we serve the interests of … Former CEO Ramin Younessi, Chief Legal Officer, General Counsel and Corporate Secretary Suzette M. Long. Corporate Governance. 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. 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 company’s business interests. Former Chairman and CEO Caterpillar CEO Jim Umpleby shares his thoughts on how we are achieving a better world through our business. Caterpillar publishes extensive information about their governance … Each year, we conduct a comprehensive enterprise risk assessment by reviewing risk information from multiple sources, including business units. Rust, Jr. To learn more, please visit our Legal Notices - Cookie page. The committee provides regular updates to the board and may retain advisors and consultants as needed to assist it in fulfilling its responsibilities. The Board of Directors (the “Board”) of Caterpillar Inc. (the “Company”) has adopted the following corporate governance guidelines for the Company (“Guidelines”). Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Additional information regarding Caterpillar’s corporate contributions, CATPAC contributions and trade association memberships is available on our political engagement website. These standards are guided by our board of directors and global management team, who work to oversee the company’s actions, performance and governance … ... You may request a copy of the bylaws by writing to Caterpillar Inc. c/o Corporate … These standards are developed and implemented by our Board of Directors and the Executive Office. the first construction company in the Middle East with an … Jim has served as Caterpillar’s CEO since January 1, 2017. Home; Education. We are committed to supporting these organizations, which champion public policies that contribute to the success and growth of the business community. One issue that always arises in business is corporate ethics. Caterpillar Inc. (NYSE:CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Abbott Laboratories. 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. Independence. See highlights of our corporate governance … As a result, we have seen strong engagement among senior leaders. 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 … Corporate Governance Involvement. Executive Chairman of the Board The importance of following the corporate ERM process is communicated throughout the organization from the CEO down. Learn More about our corporate governance framework and voting on matters for the annual meeting in Caterpillar’s Proxy Statement. Caterpillar 2018: ISS Rating From the Yahoo Finance profile: Caterpillar Inc.’s ISS Governance … Denise C. Johnson 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 … Caterpillar… In addition, all Caterpillar employees are annually required to complete training on our Code of Conduct. “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 … D. James Umpleby III, Chief Financial Officer CORPORATE GOVERNANCE Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Our corporate governance framework serves the … The Boeing Company, Daniel M. Dickinson Sempra Energy, Edward B. 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