October 9, 2019
ISS Proposes Policy Changes: Comment By October 18th!
– Liz Dunshee
As I blogged yesterday on TheCorporateCounsel.net, ISS announced a public comment period for proposed policy changes that would apply to next year’s annual meetings.
For the US, the proposed changes include adding safeguards against “abusive practices” to the policy to vote “For” management proposals for buyback programs. One “abusive practice” that’s called out in the proposed policy is the use of buybacks to boost EPS-based or other pay metrics.
Submit comments to policy@issgovernance.com by next Friday – October 18th. Unless otherwise specified in writing, all comments will be disclosed publicly upon release of final policies – which is expected during the first half of November.