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ARTICLE · 12 MAY 2020

COVID-19 Guidance From Proxy Advisory Firms

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Institutional Shareholder Services (ISS) and Glass Lewis (GL) have issued guidance addressing the impact of COVID-19 on governance practices that issuers should keep in mind...

CanadaCoronavirus (COVID-19)
Paulina Taneva
Paulina Taneva
Jennifer Lennon
Jennifer Lennon
Rima Ramchandani
Rima Ramchandani
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Institutional Shareholder Services (ISS) and Glass Lewis (GL) have issued guidance addressing the impact of COVID-19 on governance practices that issuers should keep in mind as we head into proxy season. A summary of the key takeaways is set out below.

Highlights of ISS and GL guidance

  • Holding virtual shareholder meetings due to COVID-19 will be acceptable to ISS and GL this proxy season. Companies should strive to provide shareholders with a meaningful opportunity to participate when meetings are held in this form.
  • Changes to executive compensation will be scrutinized, and boards are likely to face opposition where executives are not sharing the pain felt by employees and shareholders.

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