November 9, 2023
Peer Groups: ISS Window Opens November 20th
ISS has announced that for companies with annual meetings between January 15th and September 30th of next year, its peer group review & submission window will open Monday, November 20th – and will close at 8pm ET on Tuesday, December 5th. ISS opens this window twice per year for companies to provide input (but note that the company-submitted peers are just one factor in the ISS determination process).
Submissions should reflect peer companies used (or to be used) by the submitting company for pay-setting for the fiscal year ending prior to the company’s next upcoming annual meeting (for your 2024 annual meeting, this would mean peers used for the 2023 fiscal year). Here’s more detail:
Companies that have made no changes to their previous proxy-disclosed executive compensation benchmarking peers, or companies that do not wish to provide this information in advance, are under no obligation to participate. For companies that do not submit any information, the proxy-disclosed peers from the company’s last proxy filing will automatically be factored into ISS’ peer group construction process.
Additional information on the ISS peer submission process, including links to ISS’ current recent peer selection methodology for the U.S., Canada, and Europe, is available on the ISS website here.
– Liz Dunshee