“The new guidelines address, among other things, corporate governance standards, executive compensation and shareholder rights,” write the authors of Goodmans Update.
Corporate governance issues discussed include the election of directors by slate ballot; majority voting policy; consideration for majority owner companies; and responsiveness to significant shareholder votes.
On executive compensation, ISS has adopted a new methodology to evaluate executive compensation that considers any long-term disparity between compensation and company performance. The evaluation involves a quantitative and qualitative analysis.
Otherwise, ISS and Glass Lewis both support the adoption of advance notice policies.