Insights
Peer Groups
Revisions to Global Industry Classification Standard (GICS) Codes to be Implemented in March 2023
By Jin Fu
S&P Dow Jones Indices and MSCI, Inc. recently announced changes to the Global Industry Classification Standard (“GICS”) structure that will go into effect on March 17, 2023. As such, changes to the GICS structure may affect ISS’ analyses on the following topics...
Impact of Market Dynamics on Peer Group Design
By Matt Lum, Rebecca Jordan
Compensation peer group composition has been a hot topic with our clients of late due to the impact of a variety of strategic factors, including: industry consolidation, uneven impact of the COVID-19 pandemic on companies, and blurring of lines between industries due to technology and digitalization..
Glass Lewis Open Peer Group Submission Window
By Matt Lum
Glass Lewis recently announced changes to its pay-for-performance peer group methodology for 2020. Historically, Glass Lewis relied on Equilar’s “peers of peers” approach that focused on the strength of connections between a filer and potential peers. Going forward, Glass Lewis will incorporate a more robust...
Picking Peers
Article | Corporate Board Member with FW Cook Thought Leadership by Matt Lum, David Yang
Peer group benchmarking is more complicated than it sounds. Here’s how to get it right.
Major GICS Structure Changes Could Impact Peer Group Construction
Effective September 28, 2018, S&P Dow Jones Indices and MSCI, Inc. will implement major changes to their Global Industry Classification Standard structure that will primarily impact media and technology companies. While such changes may have implications for the development of comparative peer groups...
One-Size-Fits-All Executive Compensation Has Exceptions
We recently presented an executive compensation program review to the board compensation committee of a successful, long-standing S&P 500 industrial company. The peer group had 20-or-so comparable companies. A primary conclusion was that after six years of say-on-pay and proxy advisor...