2012 Draft Policies for Comment

The ISS Global Policy Board invites all financial market participants to provide feedback on the following proposed updates to ISS' benchmark proxy voting guidelines.

To submit a comment, please send via e-mail to policy@issgovernance.com. Please indicate your name and organization for attribution. While ISS will consider all feedback that it receives, comments will not be published without attribution.

All comments received will be published as received below, unless otherwise requested in the body of the e-mail submission.

Note: The comment period, extended through November 7, 2011, has now closed.

In response to a number of requests from institutional investors, corporate issuers and market intermediaries, ISS will extend the deadline for commenting on its 2012 draft proxy voting policies through Nov. 7. A critical component of ISS' annual policy formulation process, this 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. ISS is seeking comments on the U.S. and international policies posted below.

Draft Policies for Comment


Board Response to Management Say-On-Pay Vote (US)

Board Response to Management Say-On-Pay Frequency Vote (US)

Proxy Access Proposals (US)

Election of Censors (France)

Board Independence (Brazil)


Evaluation of Executive Pay (Management Say-on-Pay) (US and Canada)

Equity Plans Related to Section 162(m) (US)

Equity-Based Compensation (France)

Increase in Director Compensation Ceiling Proposals (Japan) 取締役の報酬枠増額議案に対するポリシー

Environmental and Social

Hydraulic Fracturing Proposals (US)

Political Contribution Proposals (US)