In this memo: “ISS Provides Guidance on the Universal Proxy Card, Puts “Weakest Directors on Notice,” Sidley discusses a new ISS Special Situations Research Note (available to investors as part of ISS’s Special Situations Research offering) on the universal proxy rule. This excerpt from the memo summarizes ISS’s perspective and Sidley’s take:
Most notably, the rule will prompt a much greater focus on each director nominee’s skills and qualifications, and is anticipated to arm ISS and Glass Lewis with even greater influence on the outcome of contested director elections than was the case previously. The memo includes a list of sound recommendations for public companies to prepare for the changed playing field.
We will discuss this development and much more on our upcoming webinar: Universal Proxy Rules: What to Do Now on September 29 from 1 – 2 pm ET. Register now!
Access additional resources on our Universal Proxy page.
This post first appeared in the weekly Society Alert!