ISS Issues Draft Voting Policy Changes, Requesting Comment
On October 27, 2016, Institutional Shareholder Services Inc. (“ISS”) issued proposed changes to its proxy voting policies, seeking comment from all interested market constituents. ISS will accept comments through November 10, 2016 at 6 p.m. Eastern Time. If adopted, ISS’s proposed policy changes will take effect for meetings occurring on or after February 1, 2017. ISS plans to release its final 2017 policies during the week of November 14, 2016.
ISS proposes four changes that will affect issuers subject to its U.S. proxy voting guidelines; two of these proposed changes would affect only U.S.-listed companies incorporated outside the U.S.