ISS Proposes Limited Updates to 2014 Voting Policy

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2013-11-01

Summary:

Editor's Note: The following post comes to us from Sullivan & Cromwell LLP, and is based on a Sullivan & Cromwell publication by Glen T. Schleyer and Marc Trevino.

Institutional Shareholder Services, the influential proxy advisory firm, has published for public comment two proposed changes to its proxy voting guidelines for U.S. companies. The proposals are limited and do not include any change related to the effect of longer board tenure on director independence. ISS had previously surveyed institutional investors and public companies on the topic of director tenure and received strong, but deeply split, responses from both constituencies. The proposed changes are:

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Link:

http://blogs.law.harvard.edu/corpgov/2013/11/01/iss-proposes-limited-updates-to-2014-voting-policy/

From feeds:

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Tags:

practitioner publications boards of directors sullivan & cromwell corporate elections & voting shareholder proposals executive compensation pay for performance performance measures say on pay proxy advisors iss proxy voting peer groups glen schleyer marc trevino

Authors:

Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation,

Date tagged:

11/01/2013, 13:30

Date published:

11/01/2013, 09:02