Institutional Shareholder Services Opens Comment Period for 2013 Proxy
Market Participants Encouraged to Weigh in on Draft Policies
ROCKVILLE, Md. -- October 16, 2012
Institutional Shareholder Services Inc. (ISS), a leading provider of corporate
governance solutions to the global financial community, today announced the
opening of its annual comment period for its 2013 proxy voting policies. A
critical component of ISS’ annual policy formulation process, the comment
period allows institutional investors, corporate issuers, and governance
market participants to provide feedback on ISS’ policy updates while they are
still in draft stage. The comment period runs through October 31 and includes
ISS’ U.S. and International policies.
To ensure its voting policies reflect the perspectives of the corporate
governance community and represent the collective voice of its institutional
clients, ISS gathers broad input each year from institutional clients and
market constituents through policy surveys, issue-specific roundtables and
this unique open comment period. Survey respondents weighed in on issues
ranging from pay for performance and peer group construction to board
responsiveness and environmental and social issues. The full results from the
survey are posted to ISS’ Policy Gateway.
ISS firmly believes that incorporating multiple views on corporate governance
issues is critical for effective policy formulation. This uniquely transparent
and collaborative process serves not only to inform ISS proxy voting policies,
but also helps to create a higher level of understanding and dialogue across
the corporate governance community. ISS developed this process in 2005 and has
continued to evolve and improve upon its inclusiveness by adding in-person
roundtables with institutional investors, corporate issuers and other market
constituents. ISS also posts all comments to its draft policies on its web
ISS will release its final 2013 U.S. and International Policy updates on or
around November 15 and its Global Policy Summary and Concise Guidelines in
December. To participate in ISS’ comment period and learn more about its
Policy formulation process, please visit here.
ISS, founded in 1985 as Institutional Shareholder Services Inc., is the
world's leading provider of proxy advisory and corporate governance solutions
to financial market participants. ISS' services include objective proxy
research and analysis, end-to-end proxy voting and distribution solutions,
turnkey securities class-action claims management, and reliable governance
data and modeling tools. More than 1,700 clients rely on ISS' expertise to
help them make informed corporate governance decisions. ISS is located in
financial centers worldwide and is a subsidiary of MSCI Inc., a leading
provider of investment decision support tools to investors globally. For more
information, please visit www.issgovernance.com.
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limitation all text, data, graphs, charts (collectively, the "Information") is
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The Information has not been submitted to, nor received approval from, the
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ISS media contacts:
Cheryl Gustitus, 301.556.0395
Sarah Ball +44 (0)207 618 2275
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