About Veeva’s Proposed Conversion to a PBC
A PBC is a for-profit corporation that has also adopted a public benefit purpose. Our proposed public benefit purpose is to help make the industries we serve more productive and create high-quality employment opportunities.
This aligns with our work to deliver technology, data, and services to support life sciences companies in their mission to improve and extend life. With a focus on supporting the industry’s most critical functions from clinical trials through commercialization, we help customers more efficiently and effectively get the right treatments to the right patients.
We see a conversion to a PBC as beneficial to our long-term financial results. It can give customers even greater confidence that our interests are not only well aligned today but will remain that way. We also believe a PBC structure will help us attract more talented people to Veeva.
If we convert, we would be the first large, U.S. public company to become a PBC, which follows our history of leading in areas that will advance the company, the industries we serve, and our stakeholders over the long-term.