On October 31, 2016, Institutional Shareholder Services (ISS), a proxy advisory firm, announced its rebranded corporate governance rating system. Formerly known as QuickScore, the rating system is now called QualityScore to reflect the qualitative factors considered in the rating analysis. The data verification period will remain open until November 11, 2016. Scores will be released on November 21, 2016, when the new system launches.

QualityScore analyzes more than 220 factors used in determining a company’s governance score and will continue to categorize and rate governance attributes in four categories: Board Structure, Compensation/Remuneration, Audit & Risk Oversight and Shareholder Rights & Takeover Defenses. The ratings of each of the four categories, and an overall rating, are combined to create an overall score. That score is then measured against other companies in the relative index or region.