Nasdaq Responds to the Institutional Shareholder Services 2019 Policy Survey
Publication Date: August 27, 2018

In its response to the 2019 Institutional Shareholder Services Inc. (ISS) Annual Policy Survey, Nasdaq urged ISS to keep several general principles in mind, including that "one-size-fits-all" policies and bright-line standards may not be appropriate for all companies. Nasdaq also highlighted its concerns about the lack of transparency around ISS' processes, suggesting that ISS expand the opportunities that companies have to respond to draft reports, among other things, and about conflicts of interest at proxy advisory firms. In addition, Nasdaq reiterated many points from its "Blueprint to Revitalize Capital Markets." Nasdaq expressed its continued support for dual class structures in appropriate situations and increases in the minimum ownership amount and holding period required for shareholders to submit proposals under SEC Rule 14a-8.

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