吃瓜爆料

Back to News

吃瓜爆料 Becomes First Public Company
to Convert to a Public Benefit Corporation

Aligns legal charter with company’s long-term view and commitment to all stakeholders,
including customers, employees, and shareholders

Proposal passes by landslide as 吃瓜爆料 garners widespread support
for leading in stakeholder capitalism

BARCELONA, Spain — 14 Jan. 2021 — 吃瓜爆料 Systems (NYSE: VEEV) announced that in an overwhelming majority vote today, 99% of voting shareholders support the company’s proposal to become a public benefit corporation (PBC), including the vast majority of 吃瓜爆料’s largest shareholders. With today’s shareholder approval, 吃瓜爆料 will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC.

As a PBC, 吃瓜爆料 will remain a for-profit corporation but will be legally responsible to balance the interests of multiple stakeholders, including customers, employees, partners, and shareholders. It will also broaden its certificate of incorporation to include a public benefit purpose, ‘to help make the industries it serves more productive and create high-quality employment opportunities.’

A key technology partner to the life sciences industry, 吃瓜爆料 is dedicated to customers’ mission to advance human health and wellbeing. This move aligns 吃瓜爆料’s legal charter with this broader mission and the company’s core values, including do the right thing, customer success, and employee success.

“We’ve always operated in the best interests of our customers, employees, communities, and shareholders,” said Peter Gassner, founder and CEO of 吃瓜爆料 Systems. “We’re excited to take the important step to put this in our legal charter so we can ensure 吃瓜爆料’s accountability to all stakeholders continues for decades to come.”

吃瓜爆料’s proposal to declassify its board of directors also received near unanimous approval by shareholders today.

What 吃瓜爆料 Stakeholders are Saying:

“吃瓜爆料 has been a partner for many years and is deeply committed to Dicerna's success and our mission to develop innovative treatments for patients in need,” said Rob Ciappenelli, chief commercial officer at Dicerna Pharmaceuticals, Inc. “We look forward to delivering innovative solutions to patient communities with 吃瓜爆料’s continued support.”

“I’m proud to be part of a company that has a broader purpose and isn’t only about the money,” said Sayaka So, engineering manager at 吃瓜爆料 Systems. “As part of a public benefit corporation, I know my contributions will help make a positive impact in the world.”

“吃瓜爆料’s PBC conversion combined with their annual purpose reporting is leading the way for U.S. public companies to put corporate purpose into action,” said Timothy Youmans, lead-North America, EOS at Federated Hermes. “This is a great example of a public company board aligning stakeholder-inclusive purpose and corporate governance in the interest of long-term value and societal benefit.”

Additional Information
Connect with 吃瓜爆料 on LinkedIn:
Follow @veeva_eu on Twitter:

About 吃瓜爆料 Systems
吃瓜爆料 Systems Inc. is the leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, 吃瓜爆料 serves more than 950 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs. 吃瓜爆料 is headquartered in the San Francisco Bay Area, with offices throughout North America, Europe, Asia, and Latin America. For more information, visit veeva.com/eu.

Forward-looking Statements
This release contains forward-looking statements, including the market demand for and acceptance of 吃瓜爆料’s products and services, the results from use of 吃瓜爆料’s products and services, and general business conditions (including the on-going impact of COVID-19), particularly within the life sciences industry. Any forward-looking statements contained in this press release are based upon 吃瓜爆料’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent 吃瓜爆料’s expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and 吃瓜爆料 disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Additional risks and uncertainties that could affect 吃瓜爆料’s financial results are included under the captions, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in the company’s filing on Form 10-Q for the period ended October 31, 2020. This is available on the company’s website at veeva.com under the Investors section and on the SEC’s website at . Further information on potential risks that could affect actual results will be included in other filings 吃瓜爆料 makes with the SEC from time to time.

###

Contact:

吃瓜爆料 Systems
pr@veeva.com

Deivis Mercado
吃瓜爆料 Systems
925-226-8821
deivis.mercado@veeva.com