Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 13

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 13
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 our Compensation Committee include evaluating the performance of our

| Veeva Systems Inc. | 2025 Proxy Statement17 |

TABLE OF CONTENTS How We Are Organized CEO and determining our CEO’s compensation. The Compensation Committee also determines the compensation of our other executive officers in consultation with our CEO. In addition, our Compensation Committee administers our equity-based compensation plans, including granting equity awards and approving modifications of such awards. Our Compensation Committee also reviews and approves various other compensation policies and matters and has both the authority to engage its own advisors to assist it in carrying out its function and the responsibility to assess the independence of such advisors in accordance with SEC rules and NYSE listing standards. Our CEO, CFO, Chief People Officer, and General Counsel assist our Compensation Committee in carrying out its functions, although they do not participate in deliberations or decisions with respect to their own compensation. Our Compensation Committee has delegated to the non-executive equity committee, consisting of our CEO, the authority to approve routine equity award grants to newly hired employees who are not direct reports of our CEO, as well as promotional and refresh equity award grants to employees who are not direct reports of our CEO, all within certain share parameters established and reviewed from time to time by the Compensation Committee. During our fiscal year ended January 31, 2025, our Compensation Committee engaged the services of Compensia, Inc., a compensation consulting firm, to evaluate and recommend a peer group for executive compensation benchmarking and to provide advice regarding the amount and types of compensation for our CEO and how our compensation practices relating to our CEO compare to the compensation practices of other companies. Compensia reported directly to the Compensation Committee. Compensia did not provide any services to us other than the services provided to the Compensation Committee. Our Compensation Committee believes that Compensia did not have any conflicts of interest in advising the Compensation Committee under applicable SEC rules or NYSE listing standards. In addition, during fiscal 2025, the Compensation Committee engaged the services of Infinite Equity, a professional services company, for the limited purpose of assisting the Compensation Committee in evaluating the likely grant date fair value associated with the options granted to our CEO. We also engaged Infinite Equity for the limited purpose of helping us calculate the grant date fair value for financial reporting purposes and the year-end fair value of the options granted to our CEO for proxy disclosure purposes. Our Compensation Committee believes that Infinite Equity does not have any conflicts of interest in advising the Compensation Committee under applicable SEC rules or NYSE listing standards. In determining our executive compensation for