ISS Announces 2019 Benchmark Policy Updates
Publication Date: November 26, 2018

Institutional Shareholder Services Inc. (ISS) released updates to its 2019 benchmark proxy voting policies for the Americas, EMEA, and Asia-Pacific regions. The updated policies will generally be applied for shareholder meetings on or after Feb. 1, 2019. Among the updates is a new voting policy with respect to U.S. companies with no female directors serving on their boards, with a year's grace period before implementation. The new policy, effective for meetings on or after Feb. 1, 2020, will be applicable for companies in either the Russell 3000 or S&P 1500 indices. After the year-long grace period, adverse voting recommendations may be issued against nominating committee chairs (or other directors who are responsible for board nomination process) on boards with no gender diversity. To help market participants understand the nature and scope of the 2019 policy updates, ISS staff will host an informational webcast on November 29 at 11:00a.m. EST.

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