January 26, 2016
ISS: Adds Three More Comp FAQs
– Broc Romanek, CompensationStandards.com
Last week, ISS added three more to its “Executive Compensation Policies FAQs” – they are:
– FAQ #15: Problematic Pay Practices & Equity Plans – Will consider three-year average concentration ratios above 30% for the CEO – or above 60% for the NEOs in the aggregate – as a signal that an equity plan is not broad-based
– FAQ #59: Externally-Managed Issuers – More details about the minimum level of disclosure required to avoid an automatic “against” recommendation
– FAQ #61: Subsequent event handling – More details about how ISS will evaluate agreements or decisions subsequent to the fiscal year covered by the CD&A
If you’re a member of TheCorporateCounsel.net, tune into today’s webcast – “Pat McGurn’s Forecast for 2016 Proxy Season” – to hear from ISS directly on a score of proxy season issues…