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Oct 28, 2013

ISS Publishes 2014 Draft Policy Changes; Comments Due by November 4, 2013

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On October 21, 2013, Institutional Shareholder Services Inc. (“ISS”) published its key draft policy changes for the 2014 proxy season (the “Draft Policies”). There are only two proposed updates for the US, neither of which represents sweeping reforms. The first modifies the existing pay for performance quantitative screen and the second clarifies ISS’s policy on board responsiveness to majority supported shareholder proposals. The comment period closes on November 4, 2013, and ISS will publish comments as they are received. ISS’s final 2014 US and international policy updates are expected to be released during the week of November 18, 2013, and the final 2014 Global Policy Summary and Concise Guidelines are expected to be released in December. The 2014 policies will generally be effective for shareholder meetings of publicly traded companies held on or after February 1, 2014.

View full memo, "ISS Publishes 2014 Draft Policy Changes; Comments Due by November 4, 2013"

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 Lilienfeld

Partner

Compensation, Governance & ERISA

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+1 212 848 7171

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

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+1 212 848 7004

New York

Richard Alsop

Partner

Capital Markets

+1 212 848 7333

+1 212 848 7333

New York

George Spera, Jr.

Counsel

Compensation, Governance & ERISA

+1 212 848 7636

+1 212 848 7636

New York