Summary
Proxy advisors Institutional Shareholder Services (ISS) and
Glass, Lewis & Co. (Glass Lewis) recently released their
updated Proxy Voting Guidelines and 2021 Canadian Guidelines to Proxy Advice,
which generally apply to shareholder meetings in 2021. The updates
address a number of issues that are at the forefront of the
Canadian corporate governance landscape, including board diversity
and composition, exclusive forum provisions, and environmental and
social risk oversight.
Board Diversity
In line with increasing pressure from a broad range of market
participants to continue to enhance diversity in board and
executive officer positions, both Glass Lewis and ISS are
strengthening their policies on board gender diversity.
