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ARTICLE · 03 FEBRUARY 2020

ISS Proxy Voting Guidelines Updates For 2020

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On 11 November 2019, the Institutional Shareholder Services group of companies (ISS) published updates to its 2020 benchmark proxy voting policies.

United KingdomCorporate/Commercial Law

On 11 November 2019, the Institutional Shareholder Services group of companies (ISS) published updates to its 2020 benchmark proxy voting policies. The updated policies will generally be applied for shareholder meetings on or after 1 February 2020.

Amendments include changes to the following policies:

  • Director elections: inclusion of a new policy on board gender diversity noting that both appointments and succession plans should be based on merit and objective criteria and, within this context, should promote diversity of gender, social and ethnic backgrounds and cognitive and personal strengths. The policy on chair tenure has also been amended to clarify that tenure will be considered as one of several key indicators relevant to the reelection of chairs.

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