ISS Releases Policy Survey for 2016 Proxy Season
Earlier today, ISS launched its annual policy survey. In this year’s survey, ISS is seeking input on two broad areas for U.S. companies: compensation and governance. ISS plans to use the results of this survey to determine its 2016 benchmark voting policy.
These are the three compensation-related issues that ISS is seeking input on for U.S. companies:
- Adjusted performance metrics: How should non-GAAP or other adjusted performance metrics be viewed in a compensation performance metric, and what types of adjustments to reported or GAAP metrics are appropriate for compensation purposes?
- Director compensation: What types of equity compensation are appropriate for non-executive directors? Are performance shares or stock options appropriate for director compensation?
- Externally-managed issuers: How should ISS treat say-on-pay resolutions for externally-managed issuers where there is limited or no disclosure regarding executive compensation payments or practices?
The survey is open until September 4th at 5 P.M. Eastern, and you can reach it by clicking here.
We will send a client alert reporting the results of the survey once ISS publishes them.