January 21, 2014
ISS Seeks Comments on Long Range Policy Changes
– Broc Romanek, CompensationStandards.com
First mentioned at our executive pay conference last September, ISS has now opened a new consultation period on approaches to longer term policy changes beyond 2014. This is the first year ISS is enacting this type of method for seeking market feedback – with the goal of shifting its process from a seasonal to a continual focus on policy development. The consultation period closes on February 14th. Direct comments to policy@issgovernance.com.
Here are the proposals to consider:
– Director Tenure (U.S. and Canada)
– Director Independence (U.S.)
– Role of Company Performance in Director Evaluation (Japan)
– Independent Chair Shareholder Proposals (U.S.)
– Auditor Ratification (U.S.)
– Equity-Based Compensation Plans (U.S. and Canada)
– Share Issuances without Preemptive Rights (Continental Europe and Asia)