ISS Publishes 2018 Governance Principles Survey Results: Results Include Support for ISS to Consider Director Controversies on Other Company Boards and Provide Adjusted Voting Results for Dual-Class Companies

Sullivan & Cromwell LLP - September 21, 2018

On September 18, 2018, Institutional Shareholder Services (ISS) released the results of the first half of its Annual Policy Survey. The Annual Policy Survey is designed to gather feedback from stakeholders, including institutional investors, companies, corporate directors and other market constituents, to provide ISS guidance on where to set policy in emerging or shifting corporate governance and compensation areas. The recently released results showed support for ISS to consider a director’s controversies on other company boards on which the director serves and to provide adjusted voting results for dual-class companies, among other items. Other topics in the survey included views on gender diversity on boards and auditor and audit committee performance.