2013 ISS Policy Information

Each year, ISS’ Global Policy Board conducts a robust and transparent global policy formulation process which culminates in benchmark guidelines to be used in its proxy voting research for the upcoming year.  More information on Policy Outreach for 2013-2014

The complete set of ISS Global Benchmark Policy Guidelines consider market-specific recommended best practices, transparency, and disclosure when addressing issues such as board structure, director accountability, corporate governance standards, executive compensation, shareholder rights, corporate transactions, and social/environmental issues.  The updates contained in the documents below reflect changes to regional proxy voting policies.  These changes are based on significant engagement and outreach with multiple constituents in the corporate governance community, along with a thorough analysis of regional regulatory changes, best practices, voting trends, and academic research.

The Polices below will be in effect for shareholder meetings on or after February 1, 2013.

2013 Policy Updates

Executive Summary of Key 2013 Updates 2013 U.S. Policy Updates 2013 Canadian Policy Updates 2013 European Policy Updates 2013 International Policy Updates

United States Policy

2013 U.S. Proxy Voting Summary Guidelines (Updated Jan 31, 2013) 2013 U.S. Proxy Voting Concise GuidelinesU.S. Compensation Policy Guidance2013 U.S. Proxy Voting Policies and Procedures FAQ (Excluding Compensation-Related Questions)A Shareholder Perspective on the Valuation of Stock OptionsIndustry Group US TSR Medians for Performance-Related Policies

Canadian Policy

2013 Canadian Proxy Voting Guidelines (TSX-Listed Companies) 2013 Canadian Proxy Voting Guidelines (Venture Companies)Canada Compensation Policy Guidance

European Policy

This standalone policy covers European markets, excluding Eastern and Central Europe.

2013 European Proxy Voting Summary Guidelines 2013 French Equity-Based Compensation FAQ2013 French Equity-Based Compensation FAQ (French Language)

United Kingdom Policy

RREV's UK Corporate Governance Policy is based exclusively on the Policy and Voting Guidelines published by the National Association of Pension Funds (NAPF), and is incorporated into ISS' European Policy.

2013 RREV U.K. Remuneration Guidance NAPF Corporate Governance Policy & Voting GuidelinesNAPF Corporate Governance Policy & Voting Guidelines for Investment CompaniesNAPF Corporate Governance Policy & Voting Guidelines for Smaller Companies

International Policy

2013 International Proxy Voting Summary Guidelines 2013 Japan Proxy Voting Summary Guidelines (Updated Jan 31, 2013) 2013 Japan Proxy Voting Summary Guidelines (Japanese /日本語)2013 Australia Proxy Voting Guidelines2013 New Zealand Proxy Voting Guidelines2013 China Proxy Voting Guidelines2013 Hong Kong Proxy Voting Guidelines2013 Singapore Proxy Voting Guidelines2013 Korea Proxy Voting Summary Guidelines

Specialty Policies

Socially Responsible Investment (SRI) Proxy Voting Guidelines

2013 SRI U.S. Voting Guidelines 2013 SRI International Voting Guidelines

Taft-Hartley Proxy Voting Guidelines

2013 Taft-Hartley U.S. Voting Guidelines 2013 Taft-Hartley International Voting Guidelines

Faith-Based Proxy Voting Guidelines

2013 Catholic Faith-Based U.S. Voting Guidelines 2013 Catholic Faith-Based International Voting Guidelines

Public Fund Proxy Voting Guidelines

2013 Public Fund U.S. Voting Guidelines 2013 Public Fund International Voting Guidelines