Enrique Salem
DOCUSIGNAbout Enrique Salem
Enrique Salem (age 59) is an independent Class III director at Docusign, serving since August 2013, and a partner at Bain Capital Ventures since July 2014; he previously served as President, CEO, and COO of Symantec (now Gen Digital) and holds an A.B. in Computer Science from Dartmouth College . His board-level expertise spans cybersecurity, finance, risk management, and governance; the Board has determined he is independent under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Symantec (Gen Digital) | President, CEO, COO | Prior to 2014 (not specified) | Senior leadership in cybersecurity operations |
| Bain Capital Ventures | Partner | Since July 2014 | Early-stage infra software/cyber specialist; broad investor network |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Rubrik, Inc. | Director | Current (as of 2025) | Member, Nominating & Corporate Governance Committee |
| Atlassian Corporation | Director (retired) | 2013–Apr 2025 | Audit and Nominating Committee member; retired April 14, 2025 |
| FireEye, Inc. (prior) | Director | Prior service (not current) | Cybersecurity oversight |
| ForeScout Technologies, Inc. (prior) | Director | Prior service (not current) | Network security oversight |
Board Governance
- Committee assignments: Audit Committee member; Audit Committee composition includes Chair Teresa Briggs, and members James Beer, Enrique Salem, and Anna Marrs; each member deemed independent, “financially sophisticated,” and an “audit committee financial expert” .
- Independence: The Board determined Salem is independent under SEC/Nasdaq rules; 8 of 9 continuing directors are independent .
- Attendance: The Board met 24 times in FY25; each director attended at least 75% of aggregate Board and committee meetings; all continuing directors attended the 2024 Annual Meeting .
- Risk oversight: The Audit Committee oversees financial reporting, internal controls, compliance, and cybersecurity risk; management provides regular cyber updates to the Board/Audit Committee .
Fixed Compensation
| Component | Amount/Terms | FY25 Salem |
|---|---|---|
| Cash Retainer | $46,500 annual | $46,500 |
| Committee Fees | Audit Committee non-chair: $15,000 annual | $15,000 |
| Chair/Lead Fees | Not applicable (not Chair/Lead) | $0 |
| Meeting Fees | Not listed in policy | $0 (not disclosed) |
| Equity – Annual RSU | Target $250,000 grant-date fair value, vests quarterly; accelerates on change-in-control | Stock awards recognized: $249,971 |
| Total FY25 Director Comp | Cash + Equity | $311,471 total; $61,500 cash; $249,971 equity |
Notes: Non-employee director RSUs are granted on the Annual Meeting date and generally vest in four equal quarterly installments; all annual grants vest in full upon change-of-control .
Performance Compensation
| Performance-Based Component | Terms | FY25 Salem |
|---|---|---|
| PSUs/Performance Metrics for Directors | None; non-employee director compensation comprises cash fees and time-based RSUs (no performance conditions) | Not applicable |
Other Directorships & Interlocks
- Bain Capital Ventures role: Salem is a BCV partner; BCV entities hold significant positions in various technology companies (e.g., Rubrik); BCV governance is directed by BCVI’s Executive Committee (Salem is a member), indicating broad network interlocks but none disclosed as related-party at Docusign .
- No Docusign related-party transactions involving Salem disclosed since Feb 1, 2024; a disclosed transaction involved Jackson Square Ventures/Director Peter Solvik (OneNotary financing), not Salem .
Expertise & Qualifications
- Cybersecurity/information security expertise; identified in Board skills matrix; prior Symantec CEO/COO enhances oversight of cyber risk and enterprise-scale operations .
- Finance and risk management experience; Audit Committee financial expert designation supports effectiveness in financial oversight .
- Governance: prior public company board experience and committee service (Audit, Nominating) across multiple companies .
- Education: A.B. in Computer Science (Dartmouth) .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Total Beneficial Ownership (DOCU common) | 163,333 shares | <1% of shares outstanding |
| Shares Subject to Outstanding RSUs | 2,137 shares | As of Jan 31, 2025 |
| Options Outstanding | 0 | None disclosed |
| Ownership Guidelines (Directors) | 3.0x annual Board retainer | Applies to all non-employee directors |
| Compliance Status | Met or within allowed time | As of Jan 31, 2025, all non-employee directors met or had time to meet guidelines |
| Hedging/Pledging Policy | Prohibited | Short sales, hedging, pledging, margin accounts prohibited |
Governance Assessment
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Strengths:
- Independence and financial expertise on Audit Committee (Salem designated audit committee financial expert), strengthening oversight of reporting, controls, and cybersecurity .
- Attendance and engagement: Board met 24 times in FY25; directors attended ≥75%, indicating active oversight; Salem participated in committee reports included in the proxy .
- Alignment policies: Mandatory stock ownership guidelines (3x retainer) with compliance or timeline adherence as of Jan 31, 2025; prohibition on hedging/pledging enhances alignment with shareholders .
- No related-party transactions involving Salem disclosed; Docusign maintains formal related person transaction policy administered by the Audit Committee .
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Potential considerations/monitoring:
- Venture interlocks: As a BCV partner and director at Rubrik (and prior at Atlassian), monitor any prospective transactions between Docusign and BCV portfolio companies for independence and related-party review; Docusign policy clarifies when director-affiliated entities are considered related persons and requires Audit Committee review where applicable .
- Classified board structure persists (Board concluded appropriate for size/tenure/industry), but investors may prefer declassification; continued engagement and rationale disclosure are ongoing .
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Red flags:
- None disclosed for Salem regarding conflicts, related-party transactions, hedging/pledging, or attendance; director compensation is standard (cash retainer + committee fee + annual RSUs) with no unusual guarantees or option repricings .