• A Look at RiskMetrics Group's Policy Update for the 2010 Proxy Season
  • January 19, 2010
  • Law Firm: Akerman Senterfitt - Miami Office
  • RiskMetrics Group, the highly-influential proxy advisory firm formerly known as Institutional Shareholder Services (“RMG”), recently released its annual U.S. Corporate Governance Policy Update for the 2010 proxy season. The 2010 Policy Update outlines changes to the policies RMG utilizes in making voting recommendations to clients regarding director elections and other matters put to a shareholder vote. In light of RMG's significant influence, and the recent approval of a New York Stock Exchange proposal eliminating broker discretionary voting for uncontested director elections, companies should consider the extent to which RMG's policy changes could result in negative recommendations from RMG on voting for a company's director nominees or on other matters they intend to put to a shareholder vote in the upcoming proxy season.