ISS 2016 Proxy Season Policy Updates
|Area||Corporate Finance and Securities|
Proxy advisory firm Institutional Shareholder Services Inc. (ISS) has released its Canadian policy updates for the 2016 proxy season. The new guidelines address the definition of “overboarding” for directors, the assessment of equity plans and disclosure relating to externally managed issuers. Other than the change affecting overboarding, which will be implemented for the 2017 proxy season, the updated guidelines will be effective for shareholder meetings held on or after February 1, 2016.