June 17, 2013
Peer Group Input for Annual Meetings in 2nd Half of ’13: Glass Lewis & ISS
– Broc Romanek, CompensationStandards.com
Georgeson recently emailed out this information:
Glass Lewis
Glass Lewis partners with compensation data provider, Equilar, which generates Equilar Market Peers that are subsequently used to prepare Glass Lewis’ pay-for-performance quantitative analysis. Starting May 27, 2013, companies in the Russell 3000 Index can submit their peer groups on Equilar’s website. The deadline for updating your peer group for meetings scheduled for July through December 2013 is June 28.Going forward, Equilar expects to update the peer groups it prepares for Glass Lewis, with company input, semi-annually in July and January.
Institutional Shareholder Services (ISS)
We understand that ISS will reach out in July to companies in the Russell 3000 (as of June 30) with meetings in the fall of 2013 or the early winter of 2014 and ask if they have changed their peer group since their last proxy disclosure. ISS will update those companies’ peer groups in the July-August timeframe. The timing of any future ISS peer group updates has not yet been determined, but will be considered as part of ISS’s annual policy update process. Companies should remain alert to communications from ISS regarding any peer group update opportunities.