November 03, 2015
On November 2, 2015, Institutional Shareholder Services announced that its Quickscore data verification period had opened. During the data verification period, companies may access and update the underlying data that ISS uses to calculate their QuickScore governance ratings. Companies should verify their data and provide feedback before the data verification window closes on November 13, 2015 at 8:00 p.m. EST.
Click here for more information about verifying your QuickScore data.
ISS also announced that, for U.S. companies, QuickScore will now track whether companies allow for proxy access. Specifically, ISS will track the ownership threshold and holding period required to exercise the proxy access right, the number of shareholders permitted to aggregate their holdings, and the number or percentage of board seats allowed for proxy access nominees. However, ISS has indicated that its tracking of proxy access is for screening purposes only and should not impact a company's QuickScore.
Finally, ISS indicated that it has made selective adjustments to its QuickScore scoring methodology to address evolving corporate governance expectations. Additional information about these revisions should be available in the coming weeks.