2025 Valero Report on Guiding Principles - Flipbook - Page 63
Introduction
Safety
Environment
Community
People
Governance
Appendix
Stockholder and Stakeholder Engagement
PROACTIVE
CONSISTENT DIALOGUE
Our engagement program offers proactive
outreach and opportunities for stockholders and
stakeholders to communicate their concerns and
priorities to our management team.
As part of our engagement efforts, our
management team reaches out to our
stockholders and stakeholders for dialogue
concerning their priorities – which may include
our corporate strategy, environmental and
safety initiatives, 昀椀nancial performance, capital
allocation, sustainability, GHG emissions, human
capital management, executive compensation
and/or corporate governance, among other
relevant matters. We value our stockholders and
stakeholders’ views and input.
PROCESS: REVIEW, PLAN, ENGAGE, ANALYZE
AND RESPOND
ASSESSMENT
Our engagement process follows a “review, plan,
engage, analyze and respond” cycle to build
relationships and create meaningful interactions.
Our engagements with stockholders and
stakeholders have been constructive and have
provided management and the Board with insights
on issues and initiatives that may be of interest or
important to our stockholders and stakeholders.
Additionally, we conduct formal outreach efforts
throughout the year.
Our engagement process is adjusted based
on needs and business strategy. After each
engagement opportunity, we assess the input
received and share it with our management team
and the Board, as appropriate. This constant
communication with the management team and
the Board allows us to develop policies, practices
and disclosures to meet the expectations of our
stockholders and stakeholders.
Our Responsiveness to Engagement
As a manufacturer that strives to help meet the challenge of supplying the world’s need for reliable and
affordable energy in an environmentally responsible manner, we understand the value in continually seeking,
listening to and acting upon the input of our stockholders and stakeholders. Therefore, we continually engage
with our stockholders and stakeholders, both large and small.
The robust engagement efforts we undertook over the course of 2024 and into 2025 before our Annual Meeting of
Stockholders consisted of the following:44
• Offering dialogue to our 100 largest stockholders;
• Engaging with stockholders that collectively held approximately 40 percent of our Common Stock; and
• Holding at least 75 different engagements with stockholders and proxy advisory 昀椀rms, several of which
included the participation of Board directors and/or members of our senior management team.
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