Acting with integrity
Promoting trust and transparency
A higher standard for corporate governance
Among our core values, our goal to "make mom proud" means we act with integrity, make ethical decisions, and use good judgment. In that spirit, Box is committed to the highest standards of corporate and data governance, compliance, and ethics.
Our Board of Directors
Our board brings a breadth of backgrounds and expertise — with a particular focus on SaaS and enterprise software and a powerful track record of maximizing stockholder value. We continue to add fresh perspectives to our board; since 2020, half of our board has joined, including two new independent directors since 2022.
Board composition
Our board has eight highly qualified members, seven of whom are independent. Our commitment to fostering an inclusive culture where all Boxers can thrive and belong, regardless of background or identity is reflected in the composition of our board of directors, where 38% are women and 25% are from underrepresented communities.
Corporate Governance Highlights
✓ Separation of Board Chair and CEO roles
✓ Robust duties and responsibilities for independent Board Chair role
✓ Women serving as Board Chair and Chairs of two Board committees
✓ Half of the board has joined since 2020, with two new independent directors added since 2022
✓ Elimination of all supermajority stockholder vote requirements in the Bylaws
✓ Elimination of all supermajority stockholder vote requirements in the Charter
✓ Majority voting standard in uncontested director elections with a director resignation policy
✓ Proxy access for stockholders
✓ Increased stock ownership and retention guidelines for directors, CEO, and other named executive officers
✓ Corporate Governance Guidelines reflect the board’s commitment to actively seeking highly qualified women and individuals from underrepresented communities to include in the initial pool from which director candidates are selected
✓ Average board tenure goal of 10 years or less for independent directors to encourage director refreshment
✓ Adopted a Compensation Recovery Policy to further our pay-for-performance philosophy
✓ Each Board Committee is composed of solely independent directors
✓ Annual Board and Committee performance evaluations
✓ Ongoing comprehensive succession planning for CEO and key executive officers
✓ Limitation on director service on other public company boards
✓ All directors expected to attend 75% or more of all Board and Committee meetings
✓ Policy prohibiting hedging of company stock by directors and officers
✓ Clawback provisions for both cash and equity awards
Ethical conduct, compliance, human rights, and labor
Open and honest conversation
Candid communication is the expectation, not the exception. We want all employees to feel comfortable approaching a manager or any member of the leadership team when our values aren't upheld. We also offer a confidential hotline for employees to report any concerns anonymously.
Integrity starts with our Code of Business Conduct and Ethics, and our compliance program. This includes risk assessment, policy and procedure development, training, auditing, monitoring, and investigations and remediation of potential compliance issues. The Code of Business Conduct and Ethics applies to everyone, and all employees must complete training and a compliance certification each year. We adhere to the U.K. Modern Slavery Act of 2015 and publish an annual statement on our efforts to combat modern slavery and human trafficking, which is available here.
Our commitments also extend to our vendors. Our Supplier Code of Conduct states our principles and expectations for engaging with suppliers and service providers.
Customer security and data privacy
Securing sensitive information
With trust and transparency at the center of our multi-pronged approach, we build and maintain cloud-based security and privacy solutions for all of our customers. Our data governance practices include:
Informing consumers about how we collect, use, share, disclose, retain, and protect personal information with privacy and cookie notices on our website and platform — in compliance with data protection principles and certifications
Enabling consumers in any region to make data subject access requests
Providing annual training on data protection, privacy, and security to all employees — along with periodic, targeted training as needed
Maintaining comprehensive security and privacy certifications, with annual assessments by third party auditors, independent third party assessors, and/or internal teams to verify compliance. For more information, visit the Box Trust Center.
AI at Box
We are committed to being transparent about our AI practices, technology, vendors and data usage. That’s why, early on in the creation of Box AI, we established the Box AI Governance Program. Our AI Governance Program regularly reviews legal, regulatory, technical, compliance and security considerations as well as requirements specific to industry, sector, and business purposes. We incorporate standards such as the National Institute of Standards and Technology AI Risk Management Framework (NIST AI RMF) and the Organization for Economic Co-operation and Development (OECD) AI Principles.
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