2.1 NOMINATING/GOVERNANCE AND PUBLIC POLICY COMMITTEE
The Nominating/Governance and Public Policy Committee of the Board of Directors of Valero Energy Corporation assists the Board in fulfilling its oversight responsibilities with respect to the Company’s performance in the areas of corporate governance and Board membership matters, assists the Board of Directors in identifying, evaluating, and monitoring public policy trends and social and political issues that could impact the Company’s business activities and performance, and considers and makes recommendations for the Company’s strategies related to corporate responsibility, contributions and reputation management.
The committee is composed of at least three members of the board and each
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We will now analyze the value chain of Valero energy corporation in terms of its primary activities of : marketing, sales, logistics and operations; and support activities in terms of: infrastructure, technology development and human resource management. The knowledge –based capital of the firm will be clearly visible through this analysis
The retail segment’s operations include sales of transportation fuels at retail stores and unattended self-service cardlocks, sales of convenience store merchandise in retail stores, and sales of home heating oil to residential customers. Valero is an independent retailer of refined products in the central and southwest United States and eastern
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The Northeast System includes retail operations in eastern Canada where it is a supplier of refined products serving Quebec, Ontario and the Atlantic Provinces of Newfoundland, Nova Scotia, New Brunswick and Prince Edward Island.
Valero Energy’s logistics operations consist of the Port Arthur Logistics System, the McKee Logistics System, the Memphis Logistics System, the Wynnewood Products System, the Three Rivers Crude System, the Houston Terminal, the St. Charles Terminal, and the Corpus Christi Terminals. The area covered by each of these logistics systems is given in the figure