ISS has issued its policy updates, effective for meetings held on or after February 1, 2018.
The updates are more limited in their scope compared to past seasons. ISS conducted a two-part survey process this year for the first time. We understand that many of the issues raised in the first survey were intended to be longer-term considerations, and did not result in updated voting guidelines for next year. These include the appropriateness of capital structures other than one-share, one-vote, board gender diversity, and virtual or hybrid meetings.
We also understand that pay ratio disclosure will be noted, but does not inform any voting recommendations for 2018. Continue Reading