Register for the ISS Policy Webinar
At its upcoming webinar, ISS will likely discuss a new process for companies that are changing their own peer group selections from 2012 to 2013 to inform ISS of those changes prior to issuing their proxy statements, so that ISS can be aware of the companies most recent peer selections as ISS constructs its own groups for purposes of its proxy voting recommendations. As we explained in our memo, the peer group formulation was part of the recent ISS policy update.
All the more reason to join ISS as it hosts a webinar on its global policies for the 2013 proxy season this Thursday, December 6th at 11:00 AM EST. Register here.
The webinar promises to highlight ISS’ proxy voting guidelines in its major markets and provide a preview of the key issues institutional investors and issuers will face in the coming year, including for US companies: (a) pay for performance such as peer group construction methodology and use of realizable pay and (b) its policy on board responsiveness to majority supported proposals and pledging of company stock.
ISS’ annual FAQ are also expected later in December.