The Advisors' Blog

Yesterday, ISS announced that for companies with annual meetings between February 1, 2026 and September 15, 2026, its peer group review & submission window will open at 9:00 AM ET on Monday, November 10, and will close at 8:00 PM ET on Friday, November 21. 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 (so for your 2026 annual meeting, this would mean peers used for the 2025 fiscal year).

Here’s a reminder from the press release:

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 . . .

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.

We also shared some background info on constructing peer groups over the summer.

– Meredith Ervine