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ISS Issues October 2024 Update to its Executive Compensation Policies FAQs

Proskauer's Employee Benefits & Executive Compensa

In October, Institutional Shareholder Services (ISS) released an off-cycle update to its Executive Compensation Policies Frequently Asked Questions (the FAQs), which are available at this link: US-Compensation-Policies-FAQ.pdf (the new questions are highlighted in yellow). Recognizing robust clawback policies.

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“Clawback Comeback”: DOJ’s New Focus on Clawbacks to Prevent Corporate Crime

Proskauer's Employee Benefits & Executive Compensa

This new focus on “clawbacks” is intended to give general counsels and chief compliance officers the tools to implement “responsible corporate behavior” and to foster a corporate culture that both deters and punishes risky (and possibly criminal) behavior by top executives.

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Proxy Season Greetings: ISS and Glass Lewis Announce Policy Updates Ahead of the 2023 Proxy Season

Proskauer's Employee Benefits & Executive Compensa

Proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis (“GL”) each published their annual policy updates for 2023, which updates made certain changes relating to executive compensation. [1] GL will generally recommend against the compensation committee chair when such outsized awards have been granted.