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ARTICLE · 10 NOVEMBER 2021

ISS Proposed Voting Policy Changes For 2022

Institutional Shareholder Services ("ISS") published its Proposed Benchmark Policy Changes for 2022 seeking views from stakeholders with regard to a number of proposed voting policy changes for 2022 and beyond.

IrelandCorporate/Commercial Law

Institutional Shareholder Services ("ISS") published its Proposed Benchmark Policy Changes for 2022 seeking views from stakeholders with regard to a number of proposed voting policy changes for 2022 and beyond.

In relation to its UK and Ireland voting policies, proposed changes include:

  • Climate  - A new climate-related board accountability policy is proposed for high greenhouse gas emitting companies. Changes proposed will provide for recommendations to vote against the re-election of individual directors, committees or the full board at high emitting companies in cases where ISS determines that the company is not taking the minimum steps needed to understand, assess, and mitigate risks related to climate change to the company and the larger economy. For 2022, minimum steps include making appropriate climate-related disclosures and setting quantitative greenhouse gas reduction targets. In addition, ISS is proposing new policies codifying the framework developed

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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