ISS and Glass Lewis have released updates to their proxy voting policies for the 2017 proxy season, which are available here and here. While this year’s updates seem less far-reaching than we have seen in previous years, companies should familiarize themselves with the new policies, some of which could affect director elections and proposals relating to executive and director compensation. The policy updates will apply to annual meetings held on or after February 1, 2017. In this alert we provide guidance for U.S. public companies on addressing these developments and practical tips for “What to do Now?”
In addition, Glass Lewis has opened enrollment for its 2017 Issuer Data Report (IDR) program through January 6, 2017. Participation in this program is available on a first-come, first-served basis.