2021 Proxy Advisor Policy Updates (December 2020)

Institutional Shareholder Services (ISS) and Glass Lewis have released their updated voting guidelines, which take effect for annual meetings on or after Jan. 1, 2021 (Glass Lewis) and annual meetings on or after Feb. 1, 2021 (ISS).

The most consequential changes, which will impact recommendations on nominating and governance committee chairs, are being phased in and do not take effect until 2022. These include new thresholds for board gender and racial/ethnic diversity and requirements for board refreshment and board oversight of environmental and social (E&S) issues.

These changes are detailed in our December newsletter, which can be downloaded from the link below.