ISS and Glass Lewis 2013 Proxy Season Guidelines
|Lawyer||Jonathan Feldman, Neill May, Michael Partridge|
|Area||Corporate Finance and Securities, Mining and Natural Resources, Asia Practice, Shareholder Rights and Activism|
Proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) recently released their proxy voting policy updates for the 2013 proxy season. The new guidelines address, among other things, corporate governance standards, executive compensation and shareholder rights. This update summarizes the significant changes made to the proxy voting guidelines affecting Canadian issuers, effective for shareholder meetings on or after February 1, 2013.