ISS Launches 2018 Policy Survey

On August 3, 2017, ISS launched its 2018 Governance Principles Survey.  Part 1 (General Questions) of the survey can be accessed at:

https://www.surveymonkey.com/r/ISS_2018_Annual_Policy_Survey

New for this year, the ISS Policy Survey is broken into two parts: (1) a general questions part, and (2) a more in-depth questions part. The general questions portion of the survey will be available through 5 pm Eastern on August 31, 2017.  The more in-depth questions portion of the survey will be available through 5 pm Eastern on October 6, 2017.

General Questions Portion (Closes August 31, 2017 at 5 pm Eastern)

This portion of the survey includes 6 questions. ISS is soliciting feedback on the following key issues:

  • One-Share, One-Vote Principle
  • Gender Diversity on Boards
  • Share Issuance and Buyback Proposals
  • Virtual/Hybrid Meetings
  • Pay Ratio Between Senior Executives and Employees

On the Pay Ratio issue, it appears that ISS is seeking to understand how organizations (institutional shareholders and the like) will analyze data on pay ratios and use such data.

In-Depth Questions Portion (Closes October 6, 2017 at 5 pm Eastern)

Part 2 of the survey can be accessed at

https://www.issgovernance.com/file/policy/2018-iss-policy-survey2.pdf

This portion of the survey is available after the general questions portion. ISS indicates that it permits respondents to drill down into key issues by market and region, and includes compensation-related questions.

On compensation for US companies, Part 2 of the survey asks the following questions:

  • Does your organization support the use of an outcomes-based measure, such as realizable pay, as part of ISS’ quantitative pay-for-performance evaluation?
  • How should ISS use realizable pay as part of the quantitative pay-for-performance evaluation?
  • What factors should be considered in determining whether a non-employee director (NED) pay program presents a governance concern with respect to high pay magnitude?
  • What factors should be considered in determining whether an NED pay program presents governance concern with respect to problematic pay structure?
  • Currently, ISS provides cautionary language in proxy analyses after identifying a pattern (i.e. multiple years) of high (outlier) NED pay levels at a company. What actions [by ISS]would be appropriate in such instances?

 

The ISS press release on the release of the survey can be found at https://www.issgovernance.com/iss-launches-2018-global-benchmark-policy-survey/

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