Institutional Shareholder Services (ISS) and Glass Lewis have each released updates to their proxy voting policies for the 2016 proxy season. The policy updates will apply to shareholder meetings held on or after February 1, 2016 (ISS) or January 1, 2016 (Glass Lewis). This Sidley Update summarizes the policy updates applicable to U.S. companies and discusses their practical implications. It also provides guidance about preparing for the 2016 proxy season in light of ISS and Glass Lewis deadlines and developments. The Appendix highlights the various circumstances in which ISS and Glass Lewis may recommend votes against a director in an uncontested election held during the 2016 proxy season.
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If you have any questions regarding this Sidley Update, please contact the Sidley lawyer with whom you usually work, or
| Holly J. Gregory Partner holly.gregory@sidley.com +1 212 839 5853 |
John P. Kelsh Partner jkelsh@sidley.com +1 312 853 7097 |
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| Rebecca Grapsas Counsel rebecca.grapsas@sidley.com +1 212 839 8541 |
Claire H. Holland Special Counsel cholland@sidley.com +1 312 853 7099 |
Sidley Corporate Governance and Executive Compensation Practice
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