Gender Diversity and Overboarding Dominate ISS’s 2018 Proxy Guideline Updates

November 2017. Lawson Lundell LLP.

“Institutional Shareholder Services (“ISS”) has published its 2018 updates to its proxy voting guidelines for Canadian public companies. As it had indicated earlier this fall in the summary of its 2018 Global Policy Survey, ISS has implemented a gender diversity policy, to be phased in for certain issuers starting in the 2018 proxy season, and a revised “overboarding” policy that will be effective for the 2019 proxy season. The update also introduces an additional element to the quantitative screen used by ISS, alongside its qualitative assessment, to determine whether, in its view, there is any misalignment between CEO pay and company performance.”

 

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