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We think of our stakeholders as all those who affect, are affected by or have a legitimate interest in our company's performance. Our stakeholders include our stockholders, employees, business partners, host governments, customers and the local communities where we operate. We view engaging these stakeholders as an essential part of corporate responsibility. ChevronTexaco also consults and works with nongovernmental organizations, multilateral agencies and others committed to constructive dialogue. ChevronTexaco engages stakeholders in a variety of ways, including formal consultations, informal or ad hoc feedback, surveys, as well as through other interactions that arise in the course of business.
As a decentralized company whose operations span the globe, we have found it effective to do a great deal of listening, learning and dialoguing directly at the local level. As we work to develop a more integrated approach to corporate responsibility, we also are looking at ways to be more systematic in engaging our stakeholders and others. We aim to build better processes to transfer learning from the local level throughout the company so that we can better understand and respond to emerging issues. At the corporate level, we are focusing on being more proactive in engaging on important, global issues that cut across our operations.
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