{"id":53029,"date":"2024-12-18T12:34:53","date_gmt":"2024-12-18T17:34:53","guid":{"rendered":"https:\/\/allianceadvisors.com\/?p=53029"},"modified":"2025-03-11T05:23:17","modified_gmt":"2025-03-11T09:23:17","slug":"iss-releases-2025-u-s-and-canadian-voting-policy-changes","status":"publish","type":"post","link":"https:\/\/allianceadvisors.com\/es\/iss-releases-2025-u-s-and-canadian-voting-policy-changes\/","title":{"rendered":"ISS Releases 2025 U.S. and Canadian Voting Policy Changes"},"content":{"rendered":"
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ISS Releases 2025 U.S. and Canadian Voting Policy Changes<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][vc_column_text align=»left» css=».vc_custom_1734542934249{padding-top: 20px !important;padding-right: 30px !important;padding-bottom: 20px !important;padding-left: 30px !important;background-color: #f5b335 !important;border-color: #f5b335 !important;}» width=»600px» color=»#393939″ font_weight=»600″ line_height=»tight» font_size=»d:lg|pp:16px»]\n

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By Shirley Westcott<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text]

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<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=»»]Institutional Shareholder<\/a> Services (ISS) has published its 2025 U.S. and Canadian benchmark policy updates which take effect for annual meetings on or after Feb. 1, 2025¹.\n

This year’s U.S. revisions are largely confined to poison pills, special purpose acquisition<\/a> corporation (SPAC) extension proposals, natural capital\/biodiversity shareholder proposals, and an adjustment to ISS’s qualitative review of performance-vesting equity awards.  ISS is also seeking additional feedback on the use of performance-vesting versus time-vesting awards in executive compensation<\/a> for a potential policy update in 2026.<\/p>\n

In Canada, ISS has clarified its policies on the independence of former CEOs and on charter and bylaw amendments giving the board discretion to hold virtual-only shareholders’ meetings<\/a>.<\/p>\n

These changes are summarized below.<\/p>\n

U.S. Policy Updates<\/h3>\n

Poison Pills<\/strong><\/p>\n

ISS has provided more detail on the case-by-case factors it considers in deciding whether to recommend against directors (other than new nominees) if the board adopts a short-term (one year or less) poison pill<\/a> without shareholder approval.  These include:<\/p>\n