ISS Open Peer Group Submission Window Until November 20

On November 6, 2017, ISS announced that it had opened the window for companies to submit changes to their proxy-disclosed peer groups. Companies that submit updates will have ISS use their updated peer groups when ISS conducts its proxy analyses.  The submission window will remain open until 9 am Eastern on November 20.

For more information, see the ISS Press Release at:

https://www.issgovernance.com/iss-announces-peer-group-submission-review-window-open-november-20/

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ISS Opening Peer Group Submission Window for Companies with Late Year Meetings

ISS announced that it will open its peer group change submission window starting 9 am Eastern on July 10, 2017.  Any companies that will have an annual meeting between September 16, 2017 and January 31, 2018 may submit changes made to their peer groups for that will be disclosed in their next proxy statement. The ISS peer group change submission window will close at 8 pm Eastern on July 21, 2017.

For companies with meetings during the time period that do not submit peer group changes, ISS will use the proxy-disclosed peer group from the company’s last filed proxy statement (i.e., generally those from last year).

For information about the peer group submission to ISS process and methodology for ISS selected peer groups for U.S. and Canadian companies, companies can visit ISS’s website, https://www.issgovernance.com/company-peer-group-feedback

ISS’ peer submission form can be accessed at https://login.isscorporatesolutions.com. As in prior years, ISS only permits companies to submit these peer group changes and not any third parties, such as compensation consultants, attorneys, or proxy solicitors.

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Equilar’s Peer Group Submission Window Open Until December 31, 2016

Equilar announced that companies may now submit their peer groups through December 31, 2016.  Equilar recommends companies that will file their proxies between January 15, 2017 and July 15, 2017 submit their peer groups.  The company peer groups will be used to create the company’s 2017 Equilar Market Peers™.

As a reminder, the Equilar Market Peers are used by Glass Lewis when it generates its say on pay vote recommendations.

Companies may submit their updated peer groups at: https://insight.equilar.com/app/peer_update/

Equilar’s FAQs on its peer group submission process and how the Equilar Market Peers may differ from the Glass Lewis Market Peers powered by Equilar can be found at: https://insight.equilar.com/app/peer_update/peer_update_faq.jsp

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ISS Peer Group Submission Window Open Until 8 pm Eastern on Dec. 9

ISS announced that the window period for public companies to submit updates for their peer groups is open and will close at 8 pm Eastern on December 9, 2016.

The peer group submissions are now handled through ISS Corporate Solutions’ Governance Analytics website.  Only companies (issuers) may submit their peer groups to ISS.

What peer companies is ISS seeking?  Those that were used to set pay that is required to be covered in the next proxy to be filed. For example, for calendar-year companies, their 2017 proxies will cover 2016 pay and pay decisions. Therefore, ISS is seeking the peer group used for setting/considering 2016 pay, not the peer group used for setting/considering 2017 pay (which would be required to be disclosed in the 2018 proxy). If a company has not made any changes to its 2016 peer group compared to its 2015 peer group, it does not have to submit anything to ISS.  If a company has made changes to its 2016 peer group, it should seriously consider submitting this peer group to ISS during the window period to ensure that the 2017 ISS proxy report accurately reflects the company’s 2016 peer group as disclosed in the proxy.  Failure to submit an updated peer group for 2016 will mean that ISS will likely use the company’s 2015 peer group in its 2017 proxy report.

For more information about the peer group submission process, companies can visit this ISS website:

https://www.issgovernance.com/company-peer-group-feedback

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