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Nov 26, 2012

ISS Publishes 2013 US Corporate Governance Policy Updates

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On November 16, 2012, Institutional Shareholder Services Inc. (“ISS”) released its US policy updates for the 2013 proxy season (the “2013 Policies”), having received comments to its draft policies released October 16, 2012. The most significant 2013 Policies contain updates in respect of the following matters: (i) hedging and pledging of company stock; (ii) board responsiveness to majority-supported shareholder proposals; (iii) overboarded directors; (iv) executive pay-for-performance evaluation; (v) say on golden parachute proposals; and (vi) environmental, social and governance non-financial performance compensation related proposals. The 2013 Policies will generally be effective for shareholder meetings of publicly-traded companies held on or after February 1, 2013.

View full memo, "ISS Publishes 2013 US Corporate Governance Policy Updates"

Authors and Contributors

John J. Cannon III

Partner

Compensation, Governance & ERISA

+1 212 848 8159

+1 212 848 8159

New York

Stephen T. Giove

Partner

Capital Markets

+1 212 848 7325

+1 212 848 7325

New York

Kenneth J. Laverriere

Partner

Compensation, Governance & ERISA

+1 212 848 8172

+1 212 848 8172

New York

Doreen E. Lilienfeld

Partner

Compensation, Governance & ERISA

+1 212 848 7171

+1 212 848 7171

+1 650 838 3804

+1 650 838 3804

New York

John Madden

Of Counsel

Mergers & Acquisitions

+1 212 848 7055

+1 212 848 7055

New York

Clare O'Brien

Partner

Mergers & Acquisitions

+1 212 848 8966

+1 212 848 8966

New York

Linda Rappaport

Of Counsel

Compensation, Governance & ERISA

+1 212 848 7004

+1 212 848 7004

New York

Richard Alsop

Partner

Capital Markets

+1 212 848 7333

+1 212 848 7333

New York