Oversight & Committees
Asana’s ESG efforts are regularly reviewed and evaluated with oversight at both Board and management levels. Our leadership’s involvement in ESG helps provide crucial guidance as we pursue our ESG goals and commitments.
Our Board of Directors, which oversees our business on behalf of our stockholders, is composed of three committees: the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee. Our CEO serves as Chairman of the Board and our Board has a Lead Independent Director. We believe that the structure of our Board of Directors and its committees, including the Lead Independent Director’s role, provides effective independent oversight of management while our CEO’s combined role enables strong leadership, creates clear accountability, and enhances our ability to communicate our message and strategy clearly and consistently to stockholders. Of our nine Board members, six are independent, and all Board committees are composed entirely of independent directors.
Board-level ESG oversight
The Nominating and Corporate Governance Committee is responsible for overseeing and making recommendations to management and the Board around ESG-related matters such as:
The Nominating and Corporate Governance Committee oversees the annual Board and committee self-evaluations process.
The Audit Committee reports to the Board on issues including enterprise risk assessment and risk management. The Audit Committee regularly reviews significant data issues and concerns, including security, privacy, and related regulatory matters and compliance.
During the 2023 fiscal year, the Nominating and Corporate Governance Committee met four times, and our Audit Committee met nine times.
Board diversity statistics8
In service of our mission, we are working to create a more diverse and inclusive team. This commitment extends to the composition of our Board of Directors. Of our nine-member Board, three identify as female, including our Lead Independent Director; one identifies as agender; one identifies as Black; and one identifies as a member of the LGBTQ+ community, as self-reported by members of our Board.
Our Nominating and Corporate Governance Committee works with the Board to determine the desired qualifications, expertise, and characteristics for our Board members, including factors such as business experience, diversity, professional background, education, skill, and other individual qualities and attributes, that contribute to the diverse mix of backgrounds, viewpoints and experience represented on the Board.
Customer success veteran joins Asana’s Board of Directors
In July 2022, Asana welcomed Krista Anderson-Copperman to our Board of Directors.
Ms. Anderson-Copperman currently serves as an advisor and Board director across a number of private SaaS companies and non-profit entities including Benchling, Better Cloud, Trove, Attentive, The Advocates for Survivors of Domestic Abuse, and Gainsight. Since January 2022, she has also served as a venture partner at Technology Crossover Ventures (TCV). Ms. Anderson-Copperman was previously the Chief Customer Officer at Okta, Inc., an identity management software company, from March 2014 to March 2020. Prior to joining Okta, she spent 14 years at Salesforce, Inc., an enterprise cloud computing and social enterprise solutions company, from November 2000 to January 2014, where she served in several senior management roles including Senior Vice President Customers for Life and Senior Vice President Global Support & Customer Success. Ms. Anderson-Copperman holds a B.A. in psychology from the University of Oregon.
ESG Steering Committee
This cross-functional committee is responsible for developing and monitoring a range of environmental, corporate social responsibility, corporate governance, sustainability, and other public policy matters relevant to Asana, our business, and our key stakeholders. This committee’s work includes developing our strategy; guiding and tracking our goals, policies, and practices; and shaping our messaging and disclosure on ESG. The ESG steering committee charter was approved by the Nominating and Corporate Governance Committee, and the Nominating and Corporate Governance Committee meets periodically to review Asana’s approach to ESG matters.
Staying accountable to our stakeholders
Asana’s corporate governance guidelines help ensure that our Directors and management pursue corporate objectives for the benefit of stakeholders and in service to our mission and values, while also upholding legal requirements and best practices.
Our co-founders Dustin Moskovitz and Justin Rosenstein together own a significant portion of Asana stock. They have each pledged that 100% of the value of their equity in Asana will be used for philanthropic purposes.
The significant economic ownership by our leadership, coupled with Asana’s listing on the Long-Term Stock Exchange, exemplifies our commitment to purpose-driven innovation for long-term value creation.