Corporate Governance Update – Launch of 2020 ISS Comment Period: Comment Period for the ISS Benchmark Policy Open Until October 18

Sullivan & Cromwell LLP - October 8, 2019

On October 7, Institutional Shareholder Services Inc. announced that the comment period for its 2020 benchmark voting policy is open until 5:00 PM ET on October 18, 2019. For U.S. companies, ISS is soliciting comments on proposed changes relating to problematic governance and capital structures of newly public companies, independent board chair shareholder proposals and share repurchase program proposals. ISS is not soliciting comments in the U.S. for board gender diversity, mitigating factors for companies with zero women on boards, director overboarding or climate change risk oversight, all of which were included in ISS’s annual policy survey earlier this year.