Heads Up for the 2024 Proxy Season: ISS and Glass Lewis Voting Policies and Director Vulnerability Update
ISS and Glass Lewis have released updates to their proxy voting policies for the 2024 proxy season. In contrast to recent years, for 2024, ISS did not make significant policy updates applicable to the Global or U.S. markets. Glass Lewis made several policy updates, including subjects such as cyber risk oversight, board oversight of environmental, climate and social issues and executive clawbacks. 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 2024 proxy season. We also include in this publication our annual summary of vulnerabilities for director elections.
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