Each year, the ISS Global Policy Board invites all financial market participants to provide feedback on proposed updates to ISS’ benchmark proxy voting guidelines prior to releasing our final updates in November. In conjunction with the release of our 2014 policy updates on November 21, we are opening a new consultation period on ISS’ policy approaches to certain policies for consideration for longer term policy changes beyond 2014.
This is the first year ISS is enacting this type of method for seeking market feedback with the goal of shifting our process from a seasonal to a continual focus on policy development. This period also serves as a forum for institutional investors, issuers, and other market constituents to provide feedback over a longer period of time.
Note: The consultation period closed on February 14, 2014. ISS thanks the many market participants that provided feedback.