Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 36

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 36
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| • | We provide job opportunities with high potential for development and advancement, fair and competitive compensation and benefits, location flexibility, and without abusive restrictions. We added 119 employees in fiscal 2025 and ended the year with close to 7,300 employees. Also, because of our measured and thoughtful hiring process, we have continued to grow steadily without the need for layoffs. |

We seek to maintain lean teams that remain nimble and relatively stable through macroeconomic ups and downs. While we do not project specific hiring targets, we plan to continue to grow and we remain focused on creating the highest quality job opportunities while finding the right people for Veeva. And our thoughtful process and values are resonating. Over two-thirds of our new hires reported that our status as a PBC had a meaningful impact on their decision to join Veeva.

| • | Objective 4: Advocate for the elimination of the use of non-competes as a condition of employment in the U.S. by 2030 |

| • | We have long held the belief that individuals and society benefit when employees have the freedom to pursue the opportunities they choose. We recognize the clear public benefit to eliminating non-competes as a condition of employment as they undeniably restrain competition in labor markets, stifle employee mobility, depress wages, limit the ability of employers to reach the most qualified personnel (which is a drag on innovation and productivity), discourage entrepreneurship, and help entrench monopolies. In fiscal 2025, we continued our public support for both federal and state action to ban employment non-compete agreements, including by providing in-person testimony to the Ohio Senate Judiciary Committee in support of Ohio’s proposed non-compete ban. We remain firm in our commitment to eliminate employment non-competes by permanent legislation. |

| 38Veeva Systems Inc. | 2025 Proxy Statement |

TABLE OF CONTENTS

Our Public Benefit Corporation Report Key Stakeholder Decisions We consider the interests of our shareholders, customers, employees, partners, and the communities in which we operate when making decisions. We believe that balancing the interests of these stakeholders is necessary to achieve meaningful success and maintain market leadership for the long term. We believe a powerful way to show how we operate as a PBC is to share some key decisions from our fiscal year that illustrate stakeholder-balanced decision making. Decisions are leading indicators of operations and results. Key decisions may not impact results for multiple years or may be preventative in nature.

| 1. | Operating Principles