Proxy advisory firm Institutional Shareholder Services (ISS) released updates to its 2021 benchmark proxy voting policy, with the biggest changes this year addressing racial, ethnic, and gender diversity on boards. The updated policy will generally be applied for shareholder meetings on or after Feb. 1, 2021.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...