The Advisors' Blog

ISS announced last week that their peer group submission window will open at 9:00 AM ET on Monday, July 7, for companies with annual meetings slated to be held between September 15 and January 31. Submissions will be accepted until 8:00 PM ET on Friday, July 18. Here’s a reminder from the announcement:

As part of ISS’ peer group construction process, on a semi-annual basis, corporations are requested to submit changes they have made to their self-selected peer groups for their next proxy disclosure. ISS considers companies’ self-selected peer groups as an important input as part of its own peer group construction methodology . . . 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 . . .

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. and Canada is available on the ISS website here.

We have more info on this topic in our “Peer Groups” Practice Area.

– Meredith Ervine