On October 15, 2020, Institutional Shareholder Services (“ISS”) issued preliminary Frequently Asked Questions (FAQs) on US compensation policies and the COVID-19 pandemic. The FAQs follow the initial COVID-related guidance issued by ISS in April 2020. ISS noted that it endeavored to provide this FAQ ahead of its regular annual FAQ update (typically issued in December) in order to provide investors, companies and their advisors advance notice of ISS’ position on these issues. A summary of the new FAQ is provided below.
For a broader discussion of current trends in executive compensation, listen to a conversation with Milbank partner Mike Shah: Executive Compensation In Challenging Times: “What’s A Board To Do?” – Podcast episode with Milbank partners Allan Marks and Mike Shah.
For additional insights into the business and legal implications of the COVID-19 pandemic, please visit our Knowledge Center.
