• Recent 2013 Proxy Season Developments: ISS Publishes Proposed Updates to Its 2013 Proxy Voting Guidelines, Including Making Board Responsiveness Policy More Stringent and Revising Pay-for-Performance Test to Account for Company Peer Group and Realizable Compensation; SEC Staff Issues Legal Bulletin on Shareholder Proposal Process
  • October 26, 2012
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • As issuers and shareholders plan for the 2013 proxy season, they should take into account recent publications by Institutional Shareholder Services, proposing changes to its voting policies on director elections, management say-on-pay proposals and other matters, and by the SEC’s Division of Corporation Finance, providing guidance under Rule 14a-8 on shareholder proposal process issues.