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ISS Annual Proxy Voting Updates

Posted by Howard Berkenblit on November 20, 2018 at 11:44 AM
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ISS has announced its 2019 updates to its proxy voting policies, which are generally applicable to shareholder meetings to be held on or after February 1, 2019.

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Most notably, starting in 2020, for Russell 3000 and S&P 1500 companies, ISS will generally recommend (subject to mitigating factors) a vote against or withhold from the chair of the nominating committee at companies where there are no women on the board of directors.

Also of note, ISS will now recommend a vote against or withhold from the chair of the nominating committee at companies with three years of poor director attendance (generally any directors attending less than 75% of meetings without certain excused reasons).

The full updates can be found here.

Topics: Institutional Shareholder Services, Proxy Voting Policies

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