On October 16, 2012, Institutional Shareholder Services Inc. (“ISS”) published its draft policies for the 2013 proxy season (the “Draft Policies”). The US compensation-related Draft Policies address: (i) management say-on-pay proposals; (ii) say on golden parachute proposals; (iii) environmental and social non-financial performance compensation-related proposals; and, indirectly, (iv) board response to majority-supported shareholder proposals. The comment period closes on October 31, 2012 and ISS will publish comments as it receives them. ISS’s final 2013 US and international policy updates are expected to be released on or around November 15, 2012 and the Global Policy Summary and Concise Guidelines in December.
View full memo, "ISS Publishes 2013 Draft Policies; Requests Comments by October 31, 2012"