Heads Up for the 2017 Proxy Season: ISS Proposes New 2017 Voting Policies
Yesterday, ISS released its key draft proposed proxy voting policy changes for the 2017 proxy season. Proposed changes for U.S. companies include two new triggers for negative vote recommendations in director elections. For “cross-market companies” incorporated outside of the U.S. but listed in the U.S. and full U.S. reporting companies, ISS proposes to apply its U.S. voting policies in certain situations where home country laws differ from U.S. requirements. The deadline for submitting comments is November 10, 2016. ISS expects to release its final 2017 policies during the second week of November.
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