Heads Up for the 2023 Proxy Season: ISS and Glass Lewis Issue New and Revised Policies Focusing on Board Accountability, Diversity and ESG
Institutional Shareholder Services (ISS) and Glass Lewis have released updates to their proxy voting policies for the 2023 proxy season. The updates for 2023 largely focus on board accountability for oversight of environmental, social and governance (ESG) issues, including board diversity and climate responsibility, as well as other top of mind topics, such as cybersecurity and officer exculpation. Companies should familiarize themselves and their boards with the new and updated policies, which will influence the results of director elections and support for shareholder proposals during the 2023 proxy season.
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