New ISS Policy Updates: Tougher Standards for 2011

On November 19, ISS Corporate Governance Services released its US Corporate Governance Policy Updates on voting recommendations for meetings occurring on or after February 1, 2011. The updates reflect a number of new or changed policies, most of which slant in the same direction: tighter shareholder-level oversight of executive compensation, and a willingness, perhaps even an eagerness, to use the say-on-pay tools mandated by the Dodd-Fran Act as a lever to effect change.