Proxy advisory firm Institutional Shareholder Services has updated its U.S. and international 2006 proxy voting policies to include, among other things, a new policy on internal control reporting disclosures, performance tests for directors, and a recommendation for tally sheets for CEO pay.
Rockville, Md.-based ISS said it completed its policy formation process earlier this year in response to client and market requests. The new policies will apply for all U.S. and Canadian companies with shareholder meeting dates on or after Feb. 1, 2006.
