Changes in Corporate Governance: ISS and GL’s 2021 ESG Proposal Guidelines
By Chandler Smith.The Securities and Exchange Commission (“SEC”) requires companies to provide shareholders with proxy statements containing information they can use to make informed decisions at annual meetings. Institutional Shareholder Services, Inc. (“ISS”) is a proxy advisory firm that shareholders and investors use to inform their votes in addition to proxy statements. Glass, Lewis & Co. (“GL”) is a similarly situated proxy advisory firm. ISS and GL are the two most prominent and trusted advisory bodies that provide industry-leading viewpoints and proxy vote management solutions to boards across the world. Some say that ISS and GL have “taken the fun…