Institutional Shareholder Services (ISS), one of the world’s most influential proxy advisory firms, recently released its draft proposed voting policies for 2016.  ISS is currently requesting feedback on new or potential changes to three voting policies in Canada covering the following areas: director overboarding, compensation-related votes at externally-managed issuers and the introduction of an equity plan scoreboard.

Lowering the Threshold for Overboarding

ISS has recognized the risk in directors sitting on an excessive number of boards, such that directors become over-committed and unable to dedicate the required time and energy to each board necessary to effectively represent shareholders’ … Continue Reading