Institutional Shareholder Services, Inc. (ISS) has officially announced the upcoming opening of its peer group submission window. U.S. and Canadian companies, whose annual meetings are scheduled between January 15, 2024, and September 30, 2024, as well as European companies expecting meetings between February 1, 2024, and January 31, 2025, will be the relevant participants for this window.
Commencing at 9:00 a.m. ET on Monday, November 20, 2023, the submission window will stay open until 8:00 p.m. ET. The importance of this window cannot be overstated for companies that want to influence the ISS’ perception of an appropriate peer group for pay and performance analyses.
In contrast, the peer submission window of Glass Lewis, another leading independent corporate governance service firm, has already welcomed entries from interested companies. These two submission windows carried by ISS and Glass Lewis, respectively, are of critical importance for corporations hoping to leverage or realign corporate priorities, as they correlate with the opinion of significant shareholder advisory firms.
Keen observance and timely engagement, therefore, remain imperative for corporations and legal teams to ensure optimal influence over the forthcoming pay and performance evaluations. Updates regarding the submission windows should be regularly monitored to avert any missed opportunity in influencing such analyses, as structured by leading shareholder services like ISS and Glass Lewis.
Reported by: Wilson Sonsini Goodrich & Rosati