With the 2012 proxy season just around the corner and the Securities and Exchange Commission expected to issue new pay-for-performance disclosure rules later this year, companies hardly need another reason to revamp their executive compensation programs.
But if those aren't incentive enough, proxy advisory firm Institutional Shareholder Services has given companies one more reason by recently unveiling the new methodology it will use to evaluate executive pay. The change is effective for all companies whose proxy meetings take place on or after Feb. 1.
Because the ISS analysis is a key component for making voting recommendations to its proxy advisory ...