XOM » Topics » Objectives of the Compensation Program
This excerpt taken from the XOM DEF 14A filed Apr 12, 2006.
Objectives of the Compensation Program
Company's executive compensation program is designed with the following primary objectives:
the relationship between strong individual performance of executives and business results.
develop, and retain the best executive talent across all industries, and align the interests of our executives with those of shareholders.
the long investment lead times in our industry, which can exceed 10 years, depending on the nature of the projects in which we are involved.
the long investment lead times in the business, reinforce a career orientation of employment coupled with a strong culture of superior performance among our
a clear understanding among our executives that how we conduct our business is more important than short-term results; the compensation program reinforces
that ethics, integrity, safety, and our role in the communities in which we do business are key elements of individual performance measurement.
"Objectives of the Compensation Program" elsewhere: