Institutional Shareholder Services and Glass Lewis have released updates to their U.S. proxy voting policies for the 2026 proxy season, available here and here. Our annual summary of vulnerabilities for director elections is also available here and here. The revised ISS guidelines apply to shareholder meetings held on or after February 1, 2026, and the Glass Lewis guidelines apply for shareholder meetings held on or after January 1, 2026. Companies should familiarize themselves and their boards with the updated policies, which will influence the results of director elections and support for say-on-pay and shareholder proposals during the 2026 proxy season.

