The Center On Executive Compensation filed comments with ISS on September 5 in response to the proxy advisory firm’s annual policy survey, which often precedes proxy voting policy changes for the upcoming year.
Stating that it is part of ISS’s “commitment to advancing the level of transparency and engagement” in its data collection process, ISS has launched a new data verification portal for U.S. companies with an equity plan on the ballot.
NYT DealBook Column Reveals Trio of Corporate Gadflies Impose a Collective $90 Million in Annual Costs on Companies.
In 2010, the Securities and Exchange Commission issued a Concept Release on the U.S. Proxy Plumbing System which included an discussion on the conflicts of interest inherent in the proxy advisory firm industry.
During the 2013 proxy season, 466 S&P 500 companies reported say on pay results. 460 companies (98.71%) reported received majority support, averaging 91.84% support with a median of 95.49%.