On September 25, 2020, ISS announced the results of its annual Global Benchmark Policy Survey. ISS, as in prior years, based its results on the survey responses of investors, public company executives, and company advisors. ISS will use these results to inform its policies for shareholder meetings occurring on or after February 1, 2021. ISS plans to request comments on its draft policies scheduled for release in October 2020, and publish its final policies in mid-November 2020.
While ISS’s 2020 survey included questions targeting both global and designated geographic markets, the key questions affecting the U.S. markets related to (1) ISS’s COVID-19-adjusted policies, including annual meeting formats and compensation; (2) racial and ethnic diversity; (3) climate change risk oversight and disclosure; (4) sustainability reporting; (5) independent board chairs; and (6) auditors and audit committees.