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Feb. 11 — Institutional Shareholders Services Inc. Feb. 9 issued FAQs on its 2015 U.S. compensation policies.
The 104 FAQs provide an overview of ISS' executive pay policies, effective for meetings on or after Feb. 1, 2015, and answer questions on a range of topics, including say-on-pay, defining peer groups, change of control matters and equity plans.
According to ISS, its executive compensation evaluation policy—which may apply to management say on pay advisory votes and equity plan proposals, among other ballot items—consists of three sections: pay for performance, problematic pay practices, and board communication and responsiveness.
Earlier this month, ISS began applying its new Equity Plan Scorecard approach to U.S. companies (see related story, page 335). The scorecard approach is based on a combination of factors related to costs, plan features and grant practices, with weights of 45 percent, 20 percent and 35 percent given to each factor, respectively.
The FAQs are available at http://www.issgovernance.com/file/policy/2015comprehensivecompensationfaqs.pdf.
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