ISS Policy Updates 2020

ISS recently released its policy updates that will go into effect for meetings on or after February 1, 2020. As a whole, we view the impact of these updates to be relatively minor. Newly public companies with a multi-class stock structure and unequal voting rights should be aware of the policy revisions related to that type of capital structure. Last year, ISS introduced a policy to be implemented in 2020 concerning board gender diversity; companies without a woman on the board are at risk of receiving an against recommendation on the nominating committee chair. 

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