On November 16, 2017, Institutional Shareholder Services (“ISS”) issued its updated proxy voting guidelines for the upcoming 2018 proxy season. Notable updates applicable to U.S. companies include new or revised policies:
- to respond to recurring patterns of excessive non-employee director compensation;
- relating to director elections at companies with poison pills; and
- to address shareholder proposals on gender pay gaps.
ISS also clarified its policies on a number of other topics. The full text of the 2018 proxy voting guidelines published by ISS may be accessed here.
Non-Employee Director Compensation
Under the new guidelines, ISS will recommend voting against board … Read more