ISS Issues Draft Voting Policies for 2015
On October 15, 2014, Institutional Shareholder Services Inc. (“ISS”) issued draft voting policies for the 2015 proxy season. ISS proposed changes to two policies affecting U.S. companies – its equity plans policy and its policy on independent chair proposals. ISS is requesting feedback from all interested parties on its draft policies and will accept comments through October 29 at 6:00 p.m. (Eastern time). ISS plans to release its final 2015 policies on or around November 7. These policies will take effect for shareholder meetings held on or after February 1, 2015.