Following on last week's roundup of proxy statement reviews and recommendations for 2018, this week's update highlights an analysis of 2017 governance trends by ISS Analytics. Noting that S&P 500 companies have made great strides in improvements to corporate governance practices in the past year, the report found that the top five "improvements" were:
- Annual Board Performance Evaluation
- Proportion of Women on Board
- Proxy Access Provision
- Number of Women on the Board
- Percent of Non-Employee Directors With Tenure Less Than Six Years
Interestingly, the report found that UK governance concerns were much more strongly focused on compensation, with a spotlight on measures to align pay with long-term shareholder interests. To this end, issues such as executive stock ownership, retention periods for restricted shares, and better disclosure on performance metrics for short-term incentives topped the list for 2017.