ISS Issues Additional Voting Policy Guidance in Response to COVID-19 Pandemic

On April 8, Institutional Shareholder Services (“ISS”) published additional guidance on application of its benchmark voting policies amid the COVID-19 pandemic. ISS had previously issued its 2020 benchmark policies update to be applied for shareholder meetings on or after February 1, 2020. Noting the societal and economic uncertainty wrought by COVID-19 since its prior update, ISS provides further guidance focused on four key areas:

• Annual General Meeting (“AGM”) Issues;
• Poison Pills, Shareholder Rights and Boards/Directors;
• Compensation Issues; and
• Capital Structure and Payouts.

Click here, to continue reading on the Cleary M&A and Corporate Governance Watch blog.