Demandware recognizes that solid principles of corporate governance are the foundation to establishing and maintaining trust with investors. Demandware is committed to the highest standards of ethics, integrity and business conduct for its Board of Directors, officers and employees. As a result, The Board of Directors has adopted corporate governance guidelines to oversee the management of the Company’s business that are consistent with its shareholders best interests as well as the requirements of federal law and the NYSE. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interest of the company or as required by applicable laws and regulations.