Institutional Shareholder Services, Inc. ("ISS")
recently announced it will accept updates to certain companies'
self-selected peer groups until 5 p.m. EST, December 9, 2013. All
companies in the Russell 3000 index with annual meetings set to
occur between February 1, 2014, and September 15, 2014, are
eligible to participate.
ISS uses peer group information for its pay-for-performance
analysis as part of its say-on-pay vote recommendation. A company
that has modified its peer group since the most recent compensation
disclosure may want to consider updating its peer group with
ISS.
ISS states it will use company-supplied peer group information
"solely for the purpose of constructing peer groups."
Information submitted by companies with respect to a self-selected
peer group will not be shared with any other party within or
outside of ISS prior to the publication of the report. ISS will
include the list of company peers that it used as an input to its
peer group
