Tse Li Yang
CSG SYSTEMS INTERNATIONALAbout Tse Li “Lily” Yang
Independent director (Class III; term expires 2027) at CSG; director since February 2021. Currently CFO of Strava, Inc. (since Nov 2021); previously Chief Accounting Officer at Pinterest (2017–2021), VP Finance & Accounting at Mediviation (2015–2017), and VP & Corporate Controller at Gilead Sciences (2003–2015). Holds a BS in Accounting & Managerial Information Systems from Boston University and is a Certified Public Accountant (inactive). Age 53 per the 2025 proxy biography.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Strava, Inc. | Chief Financial Officer | Nov 2021–present | Senior finance leadership for a software platform for athletes |
| Pinterest, Inc. | Chief Accounting Officer | Jul 2017–Nov 2021 | Instrumental in taking the company public in 2019 |
| Mediviation | Vice President, Finance & Accounting | 2015–2017 | Drove strategic growth/expansion before Pfizer acquisition |
| Gilead Sciences | VP & Corporate Controller (end of tenure) | 2003–2015 | Financial leadership; regulatory and reporting expertise |
External Roles
| Organization | Role | Dates | Notes |
|---|---|---|---|
| Strava, Inc. | Chief Financial Officer (operating role) | Nov 2021–present | Not a CSGS board interlock; no public company directorships disclosed in proxy for Yang |
Board Governance
- Committee assignments: Audit Committee (Audit Committee Financial Expert) and Compensation Committee member; not a committee chair.
- Independence: Board determined all directors other than the CEO are independent (Yang is independent).
- Attendance/engagement: Board held 9 meetings in 2024; each director attended at least 75% of aggregate Board and committee meetings; all current directors attended the 2024 Annual Meeting.
- Term/classification: Class III director; term to expire in 2027.
- Risk oversight context: Audit Committee met 9 times in 2024; Audit oversees financial reporting, compliance, and risk management (excluding cybersecurity).
- Governance practices backdrop: Limits/guidelines on simultaneous service on other public company boards; robust ownership guidelines; independent committees; executive sessions.
Fixed Compensation (Non‑employee Director Program and Yang’s 2024 Actual)
| Item | Amount/Detail |
|---|---|
| Annual cash retainer (non-employee director) | $75,000 |
| Committee member retainer (one retainer regardless of number of committees) | $7,500 |
| Committee chair retainers | Audit Chair $16,000; Compensation Chair $16,000; SSG Chair $10,000 |
| Additional retainer for Chair of the Board | $75,000 |
| Payment terms | Cash retainers paid quarterly in advance, subject to service |
| 2024 Fees Earned – Tse Li “Lily” Yang | $82,500 (base retainer + one committee member retainer) |
| Meeting fees | Not listed (program specifies retainers; no meeting fees disclosed) |
Performance Compensation (Equity; Directors)
| Award Type | 2024 Grant Detail | Grant-Date Fair Value | Vesting | Performance Metrics |
|---|---|---|---|---|
| Annual equity grant (restricted stock) – non‑employee directors | 4,723 shares to each non‑employee director (Yang included) | $189,203 per director for 2024 | Vests on the day immediately preceding the first annual general meeting after award date | None; time‑based restricted stock (no options outstanding for non‑employee directors as of 12/31/24) |
Program reference:
- Target annual equity grant value: $200,000, awarded in restricted stock using 20‑day trailing average price.
Other Directorships & Interlocks
| Company | Role | Committees | Dates | Notes |
|---|---|---|---|---|
| None disclosed | — | — | — | The 2025 proxy does not list other public company boards for Yang. |
Expertise & Qualifications
- Financial/accounting expertise; designated Audit Committee Financial Expert by the Board.
- Nearly 30 years across technology, healthcare, and high‑growth industries; leadership in regulatory compliance, M&A, credit, risk, strategic finance, corporate development, and analytics.
- CPA (inactive); BS in Accounting & Managerial Information Systems (Boston University).
Equity Ownership
| Item | Detail (as of Feb 28, 2025) |
|---|---|
| Total beneficial ownership – Yang | 15,379 shares; <1% of outstanding |
| Unvested restricted shares included in the above | 4,723 shares |
| Shares outstanding for % calc | 28,773,311 |
| Director stock ownership guidelines | 5x annual cash retainer; compliance status for non‑employee directors: 100% as of Dec 31, 2024 |
| Sale restrictions until guideline compliance | May not sell any shares (including net shares on vesting/exercise) until guideline met, subject to limited exceptions |
Governance Assessment
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Independence and financial sophistication: Independent director serving on Audit and Compensation; designated Audit Committee Financial Expert—supports oversight of financial reporting and pay practices.
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Engagement: Board met 9 times in 2024; each director met at least the 75% attendance threshold; all directors attended 2024 Annual Meeting—signals baseline engagement.
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Pay structure and alignment: Simple, retainer‑based cash plus time‑based restricted stock; annual director equity ~$200k; 2024 equity value $189,203 and fees $82,500 for Yang; program unchanged in 2024 after consultant review—stable and market‑aligned.
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Ownership alignment: Robust 5x retainer guideline (100% compliance across directors as of 12/31/24) and restrictions on selling until compliant—enhances skin‑in‑the‑game.
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Conflicts/related parties: Company reports no related‑party transactions in 2024 under Item 404; reduces conflict risk.
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Overboarding/time‑commitment risk: Company has limitations/guidelines on simultaneous service on other public company boards; Yang holds an operating CFO role at Strava but no other public board seats disclosed—manageable exposure.
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RED FLAGS: None disclosed—no related‑party transactions, no options repricing, and no director‑level pledging disclosed; company maintains an anti‑hedging/anti‑pledging policy framework (policy referenced in governance/CD&A).