Insights
Alert
Eric Henken
Managing Director, Atlanta, GA
James Park
Managing Director, Atlanta, GA
ISS Releases 2019 Voting Policy Updates and Preliminary FAQs
Alert | By Eric Henken, James Park
On November 19, ISS released policy updates applicable to public companies with annual shareholder meetings on or after February 1, 2019, and on November 21 preliminary Frequently Asked Questions (FAQs) were released. The compensation-related policy updates impact say-on-pay proposals in the U.S. and Canada. The policy updates confirm ISS will not be introducing Economic Value Added (EVA) performance factors to the 2019 quantitative pay-for-performance test; however, EVA metrics will be featured in ISS’ research reports on a phased-in basis for informational purposes. The FAQs confirm no changes to the screens in the quantitative pay-for-performance test components, introduce a new “overriding” factor for equity plan evaluations, and indicate that ISS’ policy on director pay evaluations will be revised, with no adverse vote recommendations issued until 2020.
Eric Henken
Managing Director
Eric Henken works with companies from a diverse mix of industries, company sizes, and life-cycle stages. He has experience partnering directly with compensation committees in the development of executive compensation programs that align the interests of executives and stakeholders. He is a featured speaker at national industry conference events including the American Bar Association, World@Work, and Corporate Board Member.
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.