Proxy Advisors Issue Guidance on Executive Pay and Governance Changes Due to COVID-19



Institutional Shareholder Services (ISS) and Glass Lewis are altering their views on some compensation and governance issues in light of the changing landscape created by the COVID-19 pandemic. For example, ISS says it will look at the facts and circumstances faced by individual companies when determining the appropriateness of boards exercising discretion in incentive payouts for executives or making adjustments to plans.

In this article we highlight key takeaways from the latest ISS and Glass Lewis guidance as it relates to capital payouts, board of director composition and risks, compensation changes and disclosures, and virtual meetings.

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