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ISS Details Proposed Policy Changes, Seeks Feedback

Joe Mont | October 28, 2015

Institutional Shareholder Services, a leading proxy advisor, has launched of its 2016 benchmark voting policy consultation period. The open comment period, to solicit views from governance stakeholders globally on proposed voting policies for 2016, runs through Nov. 9. Comments will be taken into consideration as ISS formulates updates to its voting policies for shareholder meetings taking place on or after Feb. 1, 2016. Final 2016 policies will be released on Nov. 18.

The annual consultation follows the release last month of ISS’ 2016 policy survey results. What follows are topics and proposed policy changes, specific to the United States, that ISS is seeking comment on.

Unilateral Board Actions

There has been a continued increase in the number of unilateral amendments made by boards to U.S.  company charters and bylaws without shareholder approval or ratification that diminish...

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