ISS and Glass Lewis Provide Guidance on their Voting Policies Amidst the COVID-19 Pandemic - Glass Lewis Provides Companies with Opportunity For Direct Feedback on Voting Reports

Weil, Gotshal & Manges LLP

ISS and Glass Lewis have provided guidance... on how each proxy advisory firm will apply its proxy voting policies in light of the coronavirus (COVID-19) pandemic. While ISS and Glass Lewis address limited circumstances where their policies may be applied with flexibility, both advisory firms also assert that their current policies already afford sufficient discretion to deal with company-specific situations amidst the COVID-19 crisis. Both ISS and Glass Lewis expect the COVID-19 pandemic to impact governance issues through the 2020 and 2021 proxy seasons and underscore that company disclosure will be critical in evaluating actions taken in response to the pandemic. In this Alert, we summarize the areas of guidance for this proxy season provided by ISS and Glass Lewis. We also discuss Glass Lewis’ new Report Feedback Statement (RFS) service, which allows companies to provide direct unedited feedback on Glass Lewis’ research reports.

Key ISS and Glass Lewis Policy Developments -

Policies Implicating Annual Meetings and Corporate Governance...

Please see full Alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Weil, Gotshal & Manges LLP

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