Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 15

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 15
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Compensation Committee Interlocks and Insider Participation During fiscal 2025, our Compensation Committee consisted of Messrs. Carges and Ritter. None of our executive officers serves, or served during fiscal 2025, as a member of the board or compensation committee of any other entity that has or has had one or more executive officers serving as a member of our Board or our Compensation Committee.

| 20Veeva Systems Inc. | 2025 Proxy Statement |

TABLE OF CONTENTS

HOW WE GOVERN AND ARE GOVERNED Overview of Our Corporate Governance Program and Recent Actions The highlights of our corporate governance program are as follows:

| • | 8 out of 9 continuing directors are independent |

| • | Completely independent Audit Committee, Compensation Committee, Nominating and Governance Committee, and Cybersecurity Committee |

| • | Separate Chair and CEO positions |

| • | Annual director elections, with majority voting and removal with or without cause |

| • | Proxy access for director nominations |

| • | Shareholders’ ability to call a special meeting |

| • | Standing Cybersecurity Committee tasked with oversight of cybersecurity risks |

| • | Regular executive sessions of independent directors |

| • | Annual Board evaluation (led by third party) |

| • | Varied lengths of Board tenure with an average tenure of over 7 years |

| • | Single class of common stock |

| • | Code of Conduct applicable to directors and executive officers |

| • | Anti-hedging and pledging policies in our Insider Trading Policy |

| • | Stock ownership guidelines for directors and executive officers |

| • | Overboarding policy, including differentiated limits for directors who are also executive officers of public companies |

| • | Annual review of committee charters and corporate governance policies |

| • | Shareholder engagement program |

| • | Board continuing education program |

| • | Director resignation policy |

| • | Policy to claw back incentive-based compensation from executive officers in case of accounting restatements |

We regularly review our current corporate governance practices against best practices and peer benchmarks. The following are the most recent actions we have taken to improve our corporate governance program:

| • | In 2024, we commenced a proactive, off-season shareholder engagement program. |

| • | In 2023, we automatically converted to a single class of common stock. |

| • | In 2023, we adopted our new Compensation Recovery (“Clawback”) Policy. |