Institutional Shareholder Services Opens Comment Period for 2013 Proxy Voting Policies

  Institutional Shareholder Services Opens Comment Period for 2013 Proxy
  Voting Policies

         Market Participants Encouraged to Weigh in on Draft Policies

Business Wire

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
site.

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.

About ISS

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.

This document and all of the information contained in it, including without
limitation all text, data, graphs, charts (collectively, the "Information") is
the property of ISS, or in some cases third party suppliers.

The Information has not been submitted to, nor received approval from, the
United States Securities and Exchange Commission or any other regulatory body.
None of the Information constitutes an offer to sell (or a solicitation of an
offer to buy), or a promotion or recommendation of, any security, financial
product or other investment vehicle or any trading strategy, and ISS does not
endorse, approve or otherwise express any opinion regarding any issuer,
securities, financial products or instruments or trading strategies.

The user of the Information assumes the entire risk of any use it may make or
permit to be made of the Information.

ISS MAKES NO EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO
THE INFORMATION AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING,
WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY,
TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.

Without limiting any of the foregoing and to the maximum extent permitted by
law, in no event shall ISS have any liability regarding any of the Information
for any direct, indirect, special, punitive, consequential (including lost
profits) or any other damages even if notified of the possibility of such
damages. The foregoing shall not exclude or limit any liability that may not
by applicable law be excluded or limited.

Contact:

ISS media contacts:
Cheryl Gustitus, 301.556.0395
cheryl.gustitus@issgovernance.com
or
Sarah Ball +44 (0)207 618 2275
sarah.ball@issgovernance.com
 
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