December 21, 2012
Institutional Shareholder Services Inc. and Glass Lewis & Co. have each made several important revisions to their proxy voting policies for the 2013 proxy season. Yesterday, ISS released new and updated FAQs relating to application of ISS proxy voting policies to compensation (including peer groups and realizable pay), board responsiveness to shareholder proposals, hedging and pledging of company stock, and other matters. This Alert provides guidance to US companies on how to address these policy changes.
To read the Alert please follow this link. This client alert was posted on the website of the Harvard Law School Forum on Corporate Governance & Financial Regulation.