Richard Wong
Director at TEAM
Board
About Richard P. Wong
Richard P. Wong is an independent director of Atlassian (TEAM), serving since 2010 and currently Chair of the Nominating and Corporate Governance Committee. He is a General Partner at Accel and previously held senior product and marketing roles at Openwave Systems; he holds a B.S. in Materials Science & Engineering and a Master of Management from MIT. Age: 56; years on TEAM board: ~15 . The Board has affirmed his independence under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Accel Partners | General Partner | 2006–Present | VC leadership; guided high-growth tech companies; helped steer Atlassian through IPO and growth |
| Openwave Systems | SVP Products; Chief Marketing Officer | 2001–2006 | Product and marketing leadership in mobile software |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| UiPath, Inc. | Director | Current | Not disclosed |
| Sunrun, Inc. | Director (prior) | As of prospectus era | Not disclosed |
Board Governance
- Committee assignments: Chair, Nominating and Corporate Governance; member list and responsibilities noted (identifies director criteria, board evaluation, governance guidelines) .
- Independence: Board majority independent; Wong included among independent directors and all standing committee members are independent .
- Attendance: FY2025 Board met 9 times; each director attended at least 75% of Board and committee meetings; note that none of the then-current directors attended the 2024 Annual Meeting of Stockholders (virtual format encouraged but not required) .
- Board evaluation: Annual comprehensive evaluation facilitated by outside advisor; results inform composition and effectiveness .
- Leadship structure: Independent Board Chair (Shona Brown) re-appointed in Sept 2025; all committees have independent chairs .
Fixed Compensation (Director; FY2025)
| Component | Amount (USD) | Notes |
|---|---|---|
| Cash retainer | $55,000 | Standard non-employee director annual cash retainer |
| Committee chair fee (Nominating) | $10,000 | Additional annual cash retainer for committee chair |
| Total cash paid (FY2025) | $65,000 | Matches policy (Board $55k + Committee Chair $10k) |
| Equity award (RSUs) | $290,030 | Annual equity grant; policy target value $290,000; vests in full by next annual meeting or 1-year anniversary |
| Unvested RSUs (as of 6/30/2025) | 1,056 units | Applies to each current non-employee director except named exceptions |
Policy highlights:
- Non-employee director equity awards vest in full on the earlier of next annual meeting or one year from grant .
- Director stock ownership guideline: minimum $265,000; four years to comply; consultant review found competitive .
- Non-employee director annual compensation limit under the Restated SIP: $1,500,000 .
Performance Compensation (Director)
| Metric | Applies to Director Grants? | Source |
|---|---|---|
| Performance metrics (e.g., revenue, EBITDA, TSR) | No; director RSUs are time-based (vest by meeting/1-year) | |
| SIP performance criteria (for employee awards) | Plan permits performance goals across financial/ESG metrics; not used for standard director RSUs |
Other Directorships & Interlocks
| Company | Role | Interlock/Conflict Notes |
|---|---|---|
| UiPath, Inc. | Director | No compensation-committee interlocks disclosed; TEAM states no exec serves on a board whose exec serves on TEAM’s Board/CLDC |
| Sunrun, Inc. (prior) | Director | Historical public company role; no related-party transactions disclosed involving Wong at TEAM |
Expertise & Qualifications
- Strategy/Business Development/Venture Capital; nearly two decades scaling tech companies as investor; governance across public/private boards .
- Product/marketing leadership background in software (Openwave Systems) .
- Helped guide Atlassian through IPO and subsequent growth while on the Board .
- Education: MIT (B.S. Materials Science & Engineering; Master of Management) .
Equity Ownership
| Item | Value |
|---|---|
| Shares beneficially owned (Class A) | 123,878 shares |
| % of Class A outstanding | ~0.07% (123,878 / 167,238,849 Class A shares) |
| Estimated value of holdings (as of 9/30/2025) | ~$19.78 million (123,878 × $159.70) |
| Unvested RSUs (director grant) | 1,056 units |
| Ownership guideline | Required minimum $265,000; 4 years to comply |
| Hedging/Pledging | Prohibited without Audit Committee approval; company policy applies to directors |
Insider trading activity (TEAM):
- No Form 4 transactions reported by Rich Wong in TEAM over the past 18 months per third-party tracker .
Governance Assessment
- Positive signals
- Independent director and committee chair; all standing committees are fully independent .
- Strong ownership alignment: ~$19.8 million in Class A stock; well above $265,000 guideline .
- Robust governance practices: annual outside advisor board evaluation; clawback policy; equity recoupment under SIP; stock ownership rules for directors .
- Watchpoints
- Tenure: ~15 years vs Board aim to keep average tenure of independent directors ≤10 (no term limits; Board balances continuity with refresh) .
- Annual Meeting attendance: none of then-current directors attended 2024 Annual Meeting; future participation could enhance investor engagement .
- Conflicts/related party exposure
- Company discloses routine arms-length transactions with entities linked to directors; Audit Committee oversight of related-party transactions; no material transactions involving Wong disclosed since FY2025 .
- Compensation committee interlocks: none disclosed that would raise conflicts .
Overall: Wong’s long tenure, independent status, and governance chair role provide continuity and oversight. Ownership alignment is strong and director pay is modest and largely equity-based. Key monitoring items are continued board refresh relative to tenure and observable director participation in shareholder forums.