ISS Releases QuickScore 3.0 Details: New Governance Factors Consistent with Last Week’s Preview; Data Verification Period From Monday Through November 14Sullivan & Cromwell LLP - October 30, 2014
Yesterday, Institutional Shareholder Services released the details of its updated “QuickScore 3.0” corporate governance rating system. The update was previewed in our firm’s publication on October 27.
From 9 a.m. EST on November 3 through 8 p.m. EST on November 14, companies may access the underlying data that ISS will use to construct their QuickScore rating through ISS’s website. New scores will then be released on November 24 and begin appearing in ISS research reports. ISS has indicated that the format of the reports will be revised to show historical scores, data changes and a trend analysis, rather than just a static rating.
Because some institutional shareholders may rely, in part, on a company’s corporate governance ratings to make voting and investment decisions, companies may want to consider taking steps to ensure that the information on which these ratings are based is accurate. Information on QuickScore, including the technical document and information on data verification, is available on ISS’s website at www.issgovernance.com.