Tag: ISS
Linking pay to ESG targets ‘could have unintended consequences’
Around 45% of the FTSE 100 now have ESG targets in their bonuses and LTIPs—but a new study warns there are risks involved.
Investors and analysts ‘still learning to price ESG-related incidents’
Study finds poor ESG practices negatively impact long-term value, but that this is not reflected in short-term stock prices.
Adoption of ESG pay incentives ‘doubles over past two years’
ISS global trends report finds increased use of environmental and social pay metrics, with 51% of firms in France using at least one.
New ISS benchmarks increase the pressure for diverse boards
The US ratings agency recommends voting against directors of firms without racially or ethnically diverse board members from 2022. But details are lacking.
US rule change sets up clash with proxy advisers
The US Department of Labor has proposed new rules that could undermine the ability of proxy advisers to vote on non-financial issues such as ESG.
ISS governance rating downgrade ‘can hit share performance’
Research shows the downgrading of a firm’s ISS governance rating can result in a 1% slide in share performance—and the fall in value is not recovered.
ISS policy change puts nomcos under pressure to boost gender diversity
US proxy advisory firm will advise shareholders to vote against nomination committee chairs where there are no female board directors.
ISS launches lawsuit against the SEC over proxy adviser guidelines
The proxy advisory firm has asked that new regulatory demands be set aside, claiming the watchdog “lacks authority” and its actions are “contrary to law”.
Board independence revealed as key issue for investors in 2020
Nearly two-thirds of investors say proxy adviser ISS should recommend voting against the election or re-election of a board chair if they are not “independent”, regardless of the overall independence of the board.
US boards increase engagement with investors’ ESG concerns
The number of withdrawn proxy proposals relating to the environment has risen significantly, suggesting boards are taking investor views more seriously.