Corporate Governance
Verint believes that enduring business success is inextricably linked to good corporate citizenship. We are committed to conducting all aspects of our business ethically, consistent with our core values — integrity, transparency, humility, passion, and innovation — and in compliance with our Code of Conduct and applicable law.
Oversight for Ethical Issues
We take a “tone at the top” approach to the importance of ethics.
We understand that ethical conduct is critical to our ability to create value for our stakeholders and that a company is only as ethical as its employees. We believe that the most important and effective way to communicate the importance of ethics and compliance to our employees is to set an effective “tone at the top” through our Board and Senior Management. We accomplish this by:
- Communicating about ethics and compliance issues frequently, seriously, and openly
- The ethical behavior of Verint’s Board and management team, as well as their open and responsive approach to concerns that are raised by others
- An effective governance and compliance infrastructure for our company
We keep our Board of Directors informed of our compliance objectives several times per year as part of scheduled updates, and more frequently where necessary. The Board is actively involved in setting compliance priorities, evaluating the Company’s assessment of its risk and control environment, and overseeing progress of risk mitigation activities .
We articulate our ethical standards in the Verint Code of Conduct.
The Verint Code of Conduct guides our employees on ethical and legal behavior by clearly articulating Verint’s values both internally and externally, providing comprehensive guidance on important ethics and compliance issues, and giving employees a framework for making good decisions and communicating concerns. Specifically, as a customer-centric business focused on creating value for our stakeholders by delivering superior products, services, and support to our customers, we understand that behaving ethically is inextricably linked to our success. Living by the Code and demonstrating our core values and beliefs to all stakeholders is a tremendous competitive tool that will help us maintain the respect and long-term partnerships on which we thrive. View the Verint Code of Conduct on our Corporate Governance Policies page.
We strive to achieve more complete compliance through training and guidance.
We require our employees and certain contractors to undergo training in a variety of matters pertinent to our business, including the Code of Conduct, Information Security, the Foreign Corrupt Practices Act, and Insider Trading, among others. This training is provided in an easily accessed online format and is available in multiple languages. Additionally, our Chief Compliance Officer coordinates a Compliance Steering Committee comprising all back-office functions and representatives of the business for the purpose of approving policies, coordinating compliance initiatives, and discussing risk assessment and mitigation.
Our governance infrastructure creates value for our shareholders.
Verint’s Governance Committee regularly reviews the governance practices of our Board of Directors, and arranges for regular Board education on fiduciary duty and corporate governance matters.
Our Compensation Committee has established a compensation philosophy designed to incentivize our corporate officers to achieve our operational and strategic goals, aligning the interest of our officers with those of our shareholders. This committee has ensured that a significant portion of the compensation of Verint’s corporate officers — both cash and equity — is “at risk” based on achievement of business objectives and targets.
Learn more about our Corporate Governance Policies here.