Public companies should immediately review their peer group and Global Industry Classification Standard (“GICS”) codes, for purposes of executive compensation in light of the new Institutional Shareholder Services (“ISS”) guidance. If the peer group your company plans to use in the upcoming proxy for assessing and determining executive compensation is different than the peer group used in your company’s last proxy, you should contact ISS before December 21 with your new peer group list.
Continue Reading Public Companies Should Immediately Review Their Peer Groups Used in Executive Compensation Decisions Based on ISS’s New Peer Group Selection Guidance and Notify ISS of Any Changes by December 21