Recent announcements by Institutional Shareholder Services Inc. (“ISS”), a proxy voting advisor, indicate that publicly held U.S. companies may need to consider implementing certain modifications to their equity compensation plans and grant practices.  Among other things, ISS provides its institutional investor clients with recommendations on how to vote on issuer proposals (such as the adoption of (or amendment to) equity compensation plans) that are submitted to the issuer’s shareholders for their approval.  So, the views of ISS typically are of relevance to most issuers.  Recently, ISS issued a couple of news releases that address various corporate governance topics but we focus in this article on compensation related items that were covered in the ISS releases.
Continue Reading Changes on Horizon for Equity Compensation Plans as ISS Issues New Draft Policy