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ARTICLE · 27 NOVEMBER 2017

ISS Releases Final 2018 Voting Policy Updates For Canada

Goodmans LLP
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Institutional Shareholder Services Inc. (ISS) has released its 2018 Americas Proxy Voting Guidelines Updates effective for meetings held on or after February 1, 2018.

CanadaCorporate/Commercial Law
Goodmans LLP
Goodmans LLP
Chris Sunstrum
Chris Sunstrum
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Summary

Institutional Shareholder Services Inc. (ISS) has released its 2018 Americas Proxy Voting Guidelines Updates effective for meetings held on or after February 1, 2018. Most significantly, ISS is moving forward with its new gender diversity policy as well as the previously announced changes to its director over-boarding policy, with one important tweak.

New Gender Diversity Policy

ISS is implementing its previously announced gender diversity policy (see our October 31 Update, ISS Proposes to Up the Ante on Gender Diversity and Overboarded Directors). Under the new policy, ISS will generally recommend voting "withhold" for the Chair of the nominating committee (or the Chair of the board if no such committee has been established), if the following apply:

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