Earlier this week, Institutional Shareholder Services Inc. (ISS) posted its U.S. Proxy Voting Guidelines, which include updates we previously discussed. The 2020 policies are effective for shareholder meetings occurring on or after February 1, 2020.
Also, ISS recently published the U.S. Preliminary Compensation Policies FAQ that is designed to address questions that have been posed to ISS regarding potential changes to its compensation-related policies. Unless the document states otherwise, the methodologies contained in this preliminary FAQ will apply to shareholder meetings occurring on or after February 1, 2020. ISS anticipates publishing the finalized compensation-related policies and FAQ as well as a methodological whitepaper in December 2019.
Lastly, ISS has posted its updated Industry Group U.S. TSR Medians for Performance-Related Policy, which identifies the median one-year and three-year total shareholder returns (TSRs) for each respective Global Industry Classification Standard group as of the most recent calendar quarter, September 30, 2019. ISS publishes this list solely for informational purposes.