King & Spalding Discusses ISS Voting Policies for 2018

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