Heads-Up for the 2021 Proxy Season: ISS Issues Policy Updates – New and Revised Policies Focus on Racial/Ethnic Board Diversity, ESG Risk Oversight, Board Refreshment and Exclusive Forum Provisions
Posted on:
COVID-19 Updates, Featured, Insights, Latest Thinking, Proxy Season Updates, Sustainability & ESG, What's NewInstitutional Shareholder Services (ISS) has issued its proxy voting policy updates for shareholder meetings to be held on or after February 1, 2021. The key policy updates focus on board composition, including racial and ethnic diversity, board oversight responsibilities relating to ESG, and exclusive forum provisions. ISS also clarified that its COVID-19 guidance, will continue to apply in 2021, updated as needed.
In this Alert, we summarize this year’s ISS voting policy updates and provide practical tips on “What to do Now?” We also provide our annual update of the range of circumstances in which ISS may issue a negative recommendation against individual directors, committee members, or the entire board.
Contributor(s)
Co-Head of Public Company Advisory Group
More from the Governance & Securities Watch
Copyright © 2023 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Beijing, Boston, Brussels, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Princeton, Shanghai, Silicon Valley and Washington, D.C.