Going Beyond: ISS Voting Policies

ISS Proposed Policy Updates for 2023: Diversity, Governance and Accountability

On Nov. 4, 2022, ISS ISS proposed policy updates for 2023. ISS is inviting comments through Wednesday, Nov. 16. Below is a summary of the updates planned for the U.S. market.

Board Gender Diversity

As announced last year, in 2023. 1 ISS will be extending its board gender diversity policy to all U.S. public companies and foreign private issuers (FPIs). 2 Currently, it only applies to Russell 3000 and S&P 1500 companies. Under the policy, ISS will recommend against the nominating committee chair (or other directors on a case-by-case basis) if there are no women on the board.

ISS is also adding a one-year grace period for companies that have no female directors but disclose at least one board member who identifies as non-binary.

Article by

Emmanuelle Palikuca
Managing Director, Global Advisory and Head of Sustainability

Highly experienced in both sustainability and capital markets, Emmanuelle joins Alliance to lead the firm’s ESG solutions. Emmanuelle is a senior ESG leader with a track record of partnering with executive leadership and boards of global companies to successfully develop and execute on ESG disclosure, strategies, and performance goals. Her expertise lies specifically in ESG materiality, ratings, and global framework alignment (SASB, TCFD, GRI, etc.).

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