On this page of StockholderLetter.com we present the 4/23/2024 shareholder letter from VEEVA SYSTEMS INC — ticker symbol VEEV. Reading current and past VEEV letters to shareholders can bring important insights into the investment thesis.
VEEVA SYSTEMS INC. ANNUAL REPORT & PROXY STATEMENT

NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS WHAT: 2024 Annual Meeting of Shareholders. We are furnishing this Proxy Statement in connection with the solicitation of proxies by the Board of Directors (the Board ) of Veeva Systems Inc., a public benefit corporation under the laws of the State of Delaware, for use at the 2024 Annual Meeting of Shareholders (the Annual Meeting ) described here. This chart shows the items up for a vote at the Annual Meeting, how votes will be counted, and how management recommends you vote on each item. Two Three Four To ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2025. To approve an amendment and restatement of our Certificate of Incorporation to reflect the Delaware law provisions regarding officer exculpation. To hold an advisory (non-binding) vote to approve named executive officer compensation. More Board Broker Information Recommendation Non-Votes Page 1 FOR Will have no effect on the outcome Abstentions Will have no effect on the outcome Page 39 FOR Will have no effect on the outcome Will have no effect on the outcome Page 40 FOR Will count AGAINST Will count AGAINST Page 61 FOR Will have no effect on the outcome Will have no effect on the outcome Votes Required for Approval Majority of the votes duly cast, with respect to each nominee; votes for exceed votes against Majority of the votes duly cast; votes for exceed votes against Majority in voting power of our outstanding capital stock Majority of the votes duly cast; votes for exceed votes against WHEN: Wednesday, June 12, 2024, 9:00 a.m. Pacific Time WHERE: The Annual Meeting will be held virtually at www.virtualshareholdermeeting.com/VEEV2024, where you will be able to listen to the meeting live, submit questions, and vote online. WHO CAN VOTE: You can vote if you were a shareholder of record as of the close of business on April 15, 2024 (the Record Date ). HOW CAN I VOTE: Shareholders of record can vote in any of these ways: Internet: www.proxyvote.com until 11:59 p.m. Eastern Time on Tuesday, June 11, 2024; Telephone: 1-800-690-6903 until 11:59 p.m. Eastern Time on Tuesday, June 11, 2024; Mail: Sign, date, and mail your proxy card (if you return your signed proxy card to us before the Annual Meeting, we will vote your shares as you instruct); or Directly at the virtual Annual Meeting: Visit www.virtualshareholdermeeting.com/VEEV2024 and enter your 16-digit control number. Veeva Systems Inc. | 2024 Proxy Statement Proxy Statement Proposal One To elect the directors listed in Proposal One to serve as directors until the annual meeting to be held in 2025 or until their successors are duly elected and qualified.
Beneficial Owners of Shares Held in Street Name Please refer to the voting instructions provided to you by your broker, trustee, or other nominee that holds your shares. Adjournments and Postponements Any action on the items of business described above may be considered at the virtual Annual Meeting or at any time and date to which the Annual Meeting may be properly adjourned or postponed. Voting Your vote is very important. We encourage you to read the Proxy Statement and vote your shares over the Internet, by telephone, or by mail. Voting your shares in advance will not prevent you from participating in the Annual Meeting virtually, revoking your earlier submitted proxy, or voting your shares during the virtual Annual Meeting. For specific instructions on how to vote your shares, please see Frequently Asked Questions and Answers in the Proxy Statement. On or about April 29, 2024, a Notice of Internet Availability of Proxy Materials (the Notice ) has been mailed to shareholders of record as of the Record Date. The Notice contains instructions on how to access our Proxy Statement and our Annual Report for the fiscal year ended January 31, 2024 (together, the proxy materials ). The Notice also provides instructions on how to vote and includes instructions on how to receive a paper copy of proxy materials by mail. The proxy materials can be accessed directly at the following Internet address: www.proxyvote.com. As used in this Proxy Statement, the terms Veeva, the Company, we, us, and our mean Veeva Systems Inc. and its subsidiaries unless the context indicates otherwise. By Order of the Board of Directors, Josh Faddis SVP, General Counsel and Corporate Secretary April 29, 2024 An Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on June 12, 2024: The Notice, Proxy Statement, and 2024 Annual Report is available to shareholders at www.proxyvote.com. Veeva Systems Inc. | 2024 Proxy Statement
TABLE OF CONTENTS Page PROPOSAL ONE: ELECTION OF DIRECTORS 1 GOVERNANCE LEADERSHIP 1 1 2 13 13 13 13 14 15 15 15 15 18 19 19 20 20 20 21 21 22 24 24 25 25 26 OUR COMPANY Overview Our Executive Officers Our Unique Employment Practices Our Workforce Diversity Our Approach to Environmental Sustainability Our Approach to Internal Audit Our Security and Privacy Programs Audit Committee Report OUR PUBLIC BENEFIT CORPORATION REPORT 27 27 27 28 30 30 31 31 32 33 PROPOSAL TWO: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 39 PROPOSAL THREE: APPROVAL OF AN AMENDMENT AND RESTATEMENT OF OUR CERTIFICATE OF INCORPORATION TO REFLECT DELAWARE LAW PROVISIONS REGARDING OFFICER EXCULPATION 40 Veeva Systems Inc. | 2024 Proxy Statement Proxy Statement WHO WE ARE Board Nominees HOW WE ARE SELECTED, ELECTED, AND EVALUATED Considerations in Evaluating Director Nominees and Board Diversity Board and Committee Evaluations Director On-Boarding and Continuing Education Shareholder Recommendations for Nominations to the Board; Proxy Access HOW WE ARE ORGANIZED Board Leadership Structure Director Independence Board Committees Compensation Committee Interlocks and Insider Participation HOW WE GOVERN AND ARE GOVERNED Overview of Our Corporate Governance Program and Recent Actions Board and Committee Meeting Attendance Corporate Governance Policies Board Oversight of Risk Board s Role in Human Capital Management Overboarding Certain Relationships and Related Party Transactions HOW WE ARE PAID Non-Employee Director Compensation Plan Director Compensation Stock Ownership Guidelines HOW YOU CAN COMMUNICATE WITH US i
 • shareholder letter icon 4/23/2024 Letter Continued (Full PDF)
 • stockholder letter icon 5/10/2023 VEEV Stockholder Letter
 • stockholder letter icon 5/5/2025 VEEV Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon VEEV Benford's Law Stock Score = 78


VEEV 4/23/2024 Shareholder/Stockholder Letter Transcript:

VEEVA SYSTEMS INC.
ANNUAL REPORT
& PROXY STATEMENT


NOTICE OF 2024 ANNUAL MEETING OF
SHAREHOLDERS
WHAT: 2024 Annual Meeting of Shareholders. We are furnishing this Proxy Statement in connection with
the solicitation of proxies by the Board of Directors (the       Board      ) of Veeva Systems Inc., a public benefit
corporation under the laws of the State of Delaware, for use at the 2024 Annual Meeting of Shareholders (the
      Annual Meeting      ) described here. This chart shows the items up for a vote at the Annual Meeting, how votes
will be counted, and how management recommends you vote on each item.
Two
Three
Four
To ratify the appointment of
KPMG LLP as our independent
registered public accounting firm
for the fiscal year ending
January 31, 2025.
To approve an amendment and
restatement of our Certificate of
Incorporation to reflect the
Delaware law provisions
regarding officer exculpation.
To hold an advisory (non-binding)
vote to approve named executive
officer compensation.
More
Board
Broker
Information Recommendation Non-Votes
Page 1
FOR
Will have no
effect on the
outcome
Abstentions
Will have no
effect on the
outcome
Page 39
FOR
Will have no
effect on the
outcome
Will have no
effect on the
outcome
Page 40
FOR
Will count
AGAINST
Will count
AGAINST
Page 61
FOR
Will have no
effect on the
outcome
Will have no
effect on the
outcome
Votes Required
for Approval
Majority of the
votes duly cast,
with respect to
each nominee;
votes       for      
exceed votes
      against      
Majority of the
votes duly cast;
votes       for      
exceed votes
      against      
Majority in voting
power of our
outstanding
capital stock
Majority of the
votes duly cast;
votes       for      
exceed votes
      against      
WHEN: Wednesday, June 12, 2024, 9:00 a.m. Pacific Time
WHERE: The Annual Meeting will be held virtually at www.virtualshareholdermeeting.com/VEEV2024, where
you will be able to listen to the meeting live, submit questions, and vote online.
WHO CAN VOTE: You can vote if you were a shareholder of record as of the close of business on April 15,
2024 (the       Record Date      ).
HOW CAN I VOTE:
Shareholders of record can vote in any of these ways:

Internet: www.proxyvote.com until 11:59 p.m. Eastern Time on Tuesday, June 11, 2024;

Telephone: 1-800-690-6903 until 11:59 p.m. Eastern Time on Tuesday, June 11, 2024;

Mail: Sign, date, and mail your proxy card (if you return your signed proxy card to us before the
Annual Meeting, we will vote your shares as you instruct); or

Directly at the virtual Annual Meeting: Visit www.virtualshareholdermeeting.com/VEEV2024 and
enter your 16-digit control number.
Veeva Systems Inc. | 2024 Proxy Statement
Proxy Statement
Proposal
One
To elect the directors listed in
Proposal One to serve as
directors until the annual meeting
to be held in 2025 or until their
successors are duly elected and
qualified.

Beneficial Owners of Shares Held in Street Name

Please refer to the voting instructions provided to you by your broker, trustee, or other nominee
that holds your shares.
Adjournments and Postponements
Any action on the items of business described above may be considered at the virtual Annual Meeting or at any
time and date to which the Annual Meeting may be properly adjourned or postponed.
Voting
Your vote is very important. We encourage you to read the Proxy Statement and vote your shares over the
Internet, by telephone, or by mail. Voting your shares in advance will not prevent you from participating in the
Annual Meeting virtually, revoking your earlier submitted proxy, or voting your shares during the virtual Annual
Meeting. For specific instructions on how to vote your shares, please see       Frequently Asked Questions and
Answers       in the Proxy Statement.
On or about April 29, 2024, a Notice of Internet Availability of Proxy Materials (the       Notice      ) has been mailed
to shareholders of record as of the Record Date. The Notice contains instructions on how to access our Proxy
Statement and our Annual Report for the fiscal year ended January 31, 2024 (together, the       proxy materials      ).
The Notice also provides instructions on how to vote and includes instructions on how to receive a paper copy
of proxy materials by mail. The proxy materials can be accessed directly at the following Internet address:
www.proxyvote.com.
As used in this Proxy Statement, the terms       Veeva,             the Company,             we,             us,       and       our       mean Veeva
Systems Inc. and its subsidiaries unless the context indicates otherwise.
By Order of the Board of Directors,
Josh Faddis
SVP, General Counsel and Corporate Secretary
April 29, 2024
An Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of
Shareholders to be held on June 12, 2024: The Notice, Proxy Statement, and 2024 Annual Report is
available to shareholders at www.proxyvote.com.
Veeva Systems Inc. | 2024 Proxy Statement

TABLE OF CONTENTS
Page
PROPOSAL ONE: ELECTION OF DIRECTORS
1
GOVERNANCE LEADERSHIP
1
1
2
13
13
13
13
14
15
15
15
15
18
19
19
20
20
20
21
21
22
24
24
25
25
26
OUR COMPANY
Overview
Our Executive Officers
Our Unique Employment Practices
Our Workforce Diversity
Our Approach to Environmental Sustainability
Our Approach to Internal Audit
Our Security and Privacy Programs
Audit Committee Report
OUR PUBLIC BENEFIT CORPORATION REPORT
27
27
27
28
30
30
31
31
32
33
PROPOSAL TWO: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
39
PROPOSAL THREE: APPROVAL OF AN AMENDMENT AND RESTATEMENT OF OUR
CERTIFICATE OF INCORPORATION TO REFLECT DELAWARE LAW PROVISIONS
REGARDING OFFICER EXCULPATION
40
Veeva Systems Inc. | 2024 Proxy Statement
Proxy Statement
WHO WE ARE
Board Nominees
HOW WE ARE SELECTED, ELECTED, AND EVALUATED
Considerations in Evaluating Director Nominees and Board Diversity
Board and Committee Evaluations
Director On-Boarding and Continuing Education
Shareholder Recommendations for Nominations to the Board; Proxy Access
HOW WE ARE ORGANIZED
Board Leadership Structure
Director Independence
Board Committees
Compensation Committee Interlocks and Insider Participation
HOW WE GOVERN AND ARE GOVERNED
Overview of Our Corporate Governance Program and Recent Actions
Board and Committee Meeting Attendance
Corporate Governance Policies
Board Oversight of Risk
Board   s Role in Human Capital Management
Overboarding
Certain Relationships and Related Party Transactions
HOW WE ARE PAID
Non-Employee Director Compensation Plan
Director Compensation
Stock Ownership Guidelines
HOW YOU CAN COMMUNICATE WITH US
i



shareholder letter icon 4/23/2024 Letter Continued (Full PDF)
 

VEEV Stockholder/Shareholder Letter (VEEVA SYSTEMS INC) 4/23/2024 | www.StockholderLetter.com
Copyright © 2023 - 2025, All Rights Reserved

Nothing in StockholderLetter.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.