Teresa Briggs
Director at DOCU
Board
About Teresa Briggs
Teresa Briggs, age 64, is an independent director of DocuSign and has served on the Board since May 2020. She is a CPA with a B.S. in Accounting from the University of Arizona and previously served as Vice Chair & West Region Managing Partner of Deloitte LLP (2013–2019) and Managing Partner of Deloitte San Francisco (2011–2019); she was also an adjunct member of Deloitte’s Center for Board Effectiveness . She is Audit Committee Chair and is designated an “audit committee financial expert” and “financially sophisticated” under SEC/Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Deloitte LLP | Vice Chair & West Region Managing Partner | Jun 2013–Aug 2019 | Senior leadership of regional practice; governance experience |
| Deloitte LLP | Managing Partner, San Francisco | Jun 2011–Aug 2019 | Oversight of SF practice; finance/audit leadership |
| Deloitte Center for Board Effectiveness | Adjunct member | Not specified | Board governance expertise |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| ServiceNow, Inc. | Director | Current | SaaS workflows provider |
| Snowflake Inc. | Director | Current | Cloud-based data management |
| Warby Parker Inc. | Director | Current | Eyeglasses brand company |
| VG Acquisition Corp (SPAC) | Director | Prior | Prior board service |
| Deloitte USA LLP | Director | Prior | Prior board service |
Board Governance
- Committee assignments: Audit Committee Chair; not listed as a member of Compensation or Nominating .
- Independence: Board determined Briggs is independent under SEC and Nasdaq standards .
- Attendance: Board held 24 meetings in FY25; each director attended at least 75% of Board and committee meetings; all continuing directors attended the 2024 Annual Meeting .
- Audit Committee: 5 meetings held in FY25; all members independent and designated “audit committee financial expert” and “financially sophisticated”; members: Teresa Briggs (Chair), James Beer, Enrique Salem, Anna Marrs .
- Board structure: Three classes, majority voting standard; Briggs is a Class I nominee in 2025 for a term through 2028 .
- Independent leadership and executive sessions: Independent Board Chair; non-management directors meet regularly in executive session .
Fixed Compensation
| Metric | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Fees Earned and Paid in Cash ($) | 33,581 | 65,000 | 69,865 | 76,500 |
| Stock Awards ($) | 399,936 | 224,949 | 224,980 | 249,971 |
| Total ($) | 433,517 | 289,949 | 294,845 | 326,471 |
| Non-Employee Director Compensation Policy (FY 2025) | Amount |
|---|---|
| Base Cash Retainer | $46,500 |
| Annual RSU (continuing directors) | $250,000 (value divided by closing price on grant date) |
| Initial RSU (new directors) | $500,000 (value divided by closing price on grant date) |
| Board Chair or Lead Independent Director fee (in lieu of base retainer) | $102,500 |
| Audit Committee Chair | $30,000 |
| Compensation Committee Chair | $22,500 |
| Nominating Committee Chair | $12,200 |
| Non-chair Audit Committee Member | $15,000 |
| Non-chair Compensation Committee Member | $11,400 |
| Non-chair Nominating Committee Member | $6,000 |
Performance Compensation
| Award Feature | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Annual RSU target value | $225,000 (divided by closing price) | $225,000 (divided by closing price; amended to $250,000 starting FY25) | $250,000 (divided by closing price) |
| Vesting | Quarterly in four equal installments; final installment vests by next annual meeting or one-year anniversary | Quarterly in four equal installments; same timing | Quarterly in four equal installments; same timing |
| Change-in-control treatment | Annual RSUs vest in full upon change in control | Annual RSUs vest in full upon change in control | Annual RSUs vest in full upon change in control |
| Performance metrics (director equity) | None (time-based RSUs) | None (time-based RSUs) | None (time-based RSUs) |
Other Directorships & Interlocks
| Company | Sector | Relationship to DOCU | Notes |
|---|---|---|---|
| ServiceNow, Inc. | Software (SaaS) | No DOCU related-party transactions disclosed | Current board seat |
| Snowflake Inc. | Software (Cloud Data) | No DOCU related-party transactions disclosed | Current board seat |
| Warby Parker Inc. | Consumer (Retail) | No DOCU related-party transactions disclosed | Current board seat |
DocuSign reports no related-person transactions requiring disclosure since Feb 1, 2024, other than an investment in OneNotary involving another director; no transactions involving Teresa Briggs are disclosed .
Expertise & Qualifications
- CPA with extensive finance and audit background; board governance experience .
- Audit Committee Chair and designated “audit committee financial expert” and “financially sophisticated” by Board .
- Skills matrix indicates strengths in senior leadership, finance, cybersecurity/information security, and risk management .
Equity Ownership
| As of | Shares Beneficially Owned | % of Outstanding | RSUs Outstanding | Options Outstanding |
|---|---|---|---|---|
| March 15, 2025 | 8,804 | <1% | 2,137 | — |
| January 31, 2024 | — | — | 1,995 | — |
- Stock ownership guidelines: Non-employee directors must hold shares equal to 3.0x Board retainer; compliance required within five years of joining the Board. As of Jan 31, 2025, each non-employee director had either satisfied the required level or had additional time to meet it .
- Hedging/pledging: Company policy prohibits short sales, hedging, pledging, margin accounts, and derivative transactions in DOCU securities by directors .
Governance Assessment
- Strengths: Independent director with deep audit/finance credentials; chairs a fully independent Audit Committee that met five times in FY25; Board confirms audit committee financial expertise; attendance at least 75% with robust Board activity (24 meetings); independent leadership structure with regular executive sessions .
- Alignment: Director pay mix is heavily equity-based via time-vested RSUs; mandatory stock ownership guidelines enhance alignment; hedging/pledging prohibited .
- Conflicts/Related Parties: No related-person transactions involving Teresa Briggs disclosed; Board affirms independence for Briggs under SEC/Nasdaq rules .
- Compensation structure: FY25 director compensation increased annual RSU target to $250,000 (from $225,000 in prior years); Audit Chair fee of $30,000 aligns with responsibilities; overall annual cap for a non-employee director at $600,000 in total value under the 2018 plan .
- Shareholder signals: Company highlights proactive stockholder engagement and responsiveness on executive compensation; while primarily executive-focused, this reflects broader governance attentiveness by Board committees under independent leadership .