{"id":36763,"date":"2023-01-24T02:43:24","date_gmt":"2023-01-24T07:43:24","guid":{"rendered":"https:\/\/allianceadvisors.com\/policy-updates-for-united-states-in-2023-iss\/"},"modified":"2025-02-27T15:33:51","modified_gmt":"2025-02-27T20:33:51","slug":"policy-updates-for-united-states-in-2023-iss","status":"publish","type":"post","link":"https:\/\/allianceadvisors.com\/zh-hans\/policy-updates-for-united-states-in-2023-iss\/","title":{"rendered":"Policy Updates for United States in 2023: ISS"},"content":{"rendered":"<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><strong><a class=\"glossaryLink cmtt_Institutional Shareholder Engagement cmtt_Institutional Shareholder\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Institutional Shareholder&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; Institutional Shareholder is a large investor that owns significant amounts of stock in...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/zh-hans\/%e8%81%94%e7%b3%bb%e6%96%b9%e5%bc%8f\/&amp;quot;&gt;&#32852;&#31995;&#26041;&#24335;&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/zh-hans\/the-importance-of-pre-agm-shareholder-engagement-cornerstone-practices-for-greater-china-2023\/&amp;quot;&gt;The Importance of Pre-AGM Shareholder Engagement Cornerstone Practices for Greater China 2023&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/zh-hans\/glossary-index\/institutional-shareholder\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\" data-link=\"https:\/\/allianceadvisors.com\/zh-hans\/glossary-index\/institutional-shareholder\/\" href=\"https:\/\/allianceadvisors.com\/zh-hans\/glossary-index\/institutional-shareholder\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Institutional Shareholder<\/a> Services (ISS) has published its 2023 policy updates for U.S. public companies, which take effect for annual meetings beginning on&nbsp;Feb 1, 2023.1 ISS will also be producing a frequently asked questions (FAQ) document in advance of that date with more information on the application of key policies.<\/strong><\/p>\n<p>The updates largely reflect the proposed revisions that ISS released for comment in November. They pertain to climate board accountability, corporate officer exculpation, initial public offering (IPO) governance, share issuance mandates, and shareholder resolutions on values-aligned lobbying and political spending. They also incorporate changes that were announced in 2022 but had a one-year transition period, including on board gender diversity, unequal <a href=\"https:\/\/allianceadvisors.com\/best-practices-retail-investor-voter-engagement\/\">voting rights<\/a> and value-adjusted burn rates in equity <a href=\"https:\/\/allianceadvisors.com\/zh-hans\/%e8%96%aa%e9%85%ac%e3%80%81%e6%b2%bb%e7%90%86%e5%92%8c%e5%8f%af%e6%8c%81%e7%bb%ad%e6%80%a7%e5%92%a8%e8%af%a2\/\">compensation plans<\/a>.<\/p>\n<p>ISS has additionally made some minor revisions and clarifications to its policies on poison pills, unilaterally adopted bylaws, <a class=\"glossaryLink cmtt_AGM (Annual General Meeting) and EGM (Extraordinary General Meeting)\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Quorum&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; The minimum number of shareholders required to be present, either in person or by proxy, to...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/zh-hans\/south-korean-consumer-products-company\/&amp;quot;&gt;Case Study: Activism&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/zh-hans\/2023-proxy-season-preview\/&amp;quot;&gt;2023 Proxy Season Preview&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/zh-hans\/glossary-index\/quorum\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\"  data-link=\"https:\/\/allianceadvisors.com\/zh-hans\/glossary-index\/quorum\/\"  href=\"https:\/\/allianceadvisors.com\/zh-hans\/glossary-index\/quorum\/\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>quorum<\/a> requirements, problematic pay practices and shareholder resolutions on racial equity\/civil rights audits and on environmental, social and governance (ESG) pay links.<\/p>\n<\/div>\n<\/div>\n<div class=\"layoutArea\">\n<div class=\"column\">\n<iframe class=\"pdfjs-viewer\" width=\"100%\" height=\"849px\" src=\"https:\/\/allianceadvisors.com\/wp-content\/plugins\/pdf-viewer\/stable\/web\/viewer.html?file=https:\/\/allianceadvisors.com\/wp-content\/uploads\/2023\/02\/ISS-POLICY-UPDATES_2023_US-2.pdf\"><\/iframe> \n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Institutional Shareholder Services (ISS) has published &hellip;<\/p>\n","protected":false},"author":15,"featured_media":33968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[238],"tags":[],"post_series":[],"ppma_author":[463],"class_list":["post-36763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-whitepapers-zh-hans","entry","has-media"],"authors":[{"term_id":463,"user_id":15,"is_guest":0,"slug":"shirley","display_name":"Shirley Westcott","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/791f096a465d2b60d28c5dbbeae347131fa69393350b87e61a282f5b71333b61?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/posts\/36763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=36763"}],"version-history":[{"count":3,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/posts\/36763\/revisions"}],"predecessor-version":[{"id":55797,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/posts\/36763\/revisions\/55797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/media\/33968"}],"wp:attachment":[{"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=36763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=36763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=36763"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/post_series?post=36763"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/allianceadvisors.com\/zh-hans\/wp-json\/wp\/v2\/ppma_author?post=36763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}