SEC/CORPORATE -
ISS Releases 2016 Draft Voting Policy Changes for Comment -
On October 26, Institutional Shareholder Services (ISS), a leading proxy advisory firm, released for comment draft voting policy changes for 2016. The three proposals are as follows:
Director Overboarding: Under the current policy, ISS issues negative vote recommendations for individual directors who (1) sit on more than six public company boards; or (2) are CEOs of public companies and sit on the boards of more than two public companies other than their own (in such case, the negative...
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