Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 16

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 16
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| • | In 2022, we formed our Cybersecurity Committee. |

| • | In 2022, we delivered our first annual PBC report. Our fourth annual PBC report is included herein. |

| • | In 2021, we were the first public company to convert to a Delaware PBC after an overwhelming shareholder vote in favor. |

| • | In 2021, we de-classified our Board all at once. |

| • | In 2021, we adopted proxy access for director nominations and changed our charter documents to permit shareholders to call special meetings. |

| Veeva Systems Inc. | 2025 Proxy Statement21 |

TABLE OF CONTENTS

How We Govern and Are Governed Shareholder Engagement Program Shareholder Engagement We value our shareholders’ opinions and feedback and are committed to maintaining an active dialogue to understand their needs, interests, and concerns. We believe that ongoing engagement builds mutual trust and alignment with our shareholders and is a critical component of our overall governance and business strategy. In 2024, we commenced a shareholder engagement program, which we intend to continue on an annual basis. Our shareholder outreach program this year covered approximately 40% of our outstanding shares of common stock as of December 31, 2024 to invite outside shareholders to meet, discuss matters of mutual interest, and gain a better understanding of their areas of focus. We held one-on-one meetings with our largest shareholders and in some instances held multiple meetings with certain shareholders. At each meeting, we discussed shareholder concerns about Mr. Sekhri’s board commitments in 2024, measures taken to address those concerns in 2025, and Mr. Sekhri’s unique fit for the Veeva Board. Many of our largest shareholders expressed they understood the Board’s decision to reject Mr. Sekhri’s conditional resignation. The meetings were typically attended by our President and Chief of Staff, CFO, and members of our investor relations and legal teams. After the meetings, we evaluated the feedback received, considered changes to align with the feedback we received, and incorporated such feedback into our proxy planning and reported such feedback to the Nominating and Governance Committee. Our Nominating and Governance Committee oversaw the planning for the shareholder outreach program (including the shareholders to receive outreach and the Veeva participants) and the topics for discussion at the meetings, reviewed feedback from shareholders, and discussed with management changes to align with the feedback we received. In addition, our shareholder engagement program is supplemented by our investor relations team,