By Marisa Raffles. Institutional Shareholder Services Inc. (ISS) has announced the release of the 2016 proxy voting policy survey, and it has invited investors, corporate issuers, corporate directors, and other interested parties to participate. The survey helps determine 2016 policy updates, as well as the adoption of new policies that ISS will implement in the coming year.
ISS is a provider of corporate governance solutions for asset owners, hedge funds, and asset service providers. ISS helps clients apply their corporate governance views, identify governance risk, and manage proxy voting needs.
The survey for 2016 will consider several key issues as part of the policy updates for next year, including the use of equity compensation for non-executive directors, proxy access in the U.S., overboarding for directors and CEOs, and the role of share buybacks in the effective allocation of capital.
In a recent press release, Georgina Marshall, ISS’ newly appointed Global Head of Research commented, “As we explore some timely and significant issues that may affect financial market participants in the months ahead, we look forward to hearing from market participants globally as we shape our policies that will serve the voting needs of many our institutional clients worldwide.”
The survey is open until September 4th at 5pm ET. Once ISS has gathered and reviewed the survey responses, they will also be conducting policy research on a local level via conference calls and roundtables. These topic-specific sessions will allow ISS to gain an even greater understanding of best practices to incorporate into the benchmark guidelines moving forward.
Once the proposed changes have been drafted, ISS will also open a comment period for interested parties to provide feedback on the updates.
If you would like to participate, you can access the survey here.