Insights
Alert
James Park
Managing Director, Atlanta, GA
ISS Releases 2017 Draft Policy Changes for Comment
Alert | By Wendy Hilburn, James Park
On October 27, Institutional Shareholder Services (“ISS”) issued draft 2017 proposed policy changes for comment. Feedback received during the solicitation period, which runs through November 10, will be used by ISS in finalizing changes to its benchmark policies. Draft policies are specific to country or geographic region (e.g., Europe, Asia) and approved changes will become part of the proxy voting guidelines used by ISS Research in developing vote recommendations for issuers with annual meetings on or after February 1, 2017.
ISS subjects some, but not all, draft policies for review and comment. Notably absent from the draft policies is a highly anticipated change to ISS’ pay-for-performance test. In September, ISS signaled the potential addition of a secondary metric to complement Total Shareholder Return in measuring quantitative pay-for-performance alignment.
James Park
Managing Director
James Park has fifteen years of progressive human capital consulting experience. He currently consults on all aspects of executive compensation and benefits, corporate governance, compliance and disclosure, and technical issues such as taxation, accounting and incentive award valuation.