Companies Should Verify Data For ISS “QuickScore” by February 15
Recently, Institutional Shareholder Services, the major proxy advisory firm, announced an overhaul of its corporate governance risk assessment tool, Governance Risk Indicators (“GRId”). Now titled “ISS Governance Quickscore,” this new database is intended to enable ISS’ clients to identify potential governance risks that may be present in their portfolio companies (which was the primary purpose of GRId). The transition to the new system, which will include review of four general areas – shareholder rights, compensation, audit practices, and board structure, will take place in late February or early March.
Please note that, while QuickScore does not directly impact the ISS methodology for formulating its voting recommendation on shareholder advisory votes on executive compensation (“Say-on-Pay” proposals), the two analytics share many of the same comparative criteria.
ISS has announced that companies have until February 15, 2013 to verify their data in the QuickScore database before the database is made available to its clients. Companies that verify their data before February 8, 2013 will receive feedback from ISS by February 15, 2013.
Data verification can be conducted at the following location »
We strongly encourage you to verify your data before this deadline.
Further information about QuickScore and how it will work can be found at the following link »
Please contact your Compensia engagement manager with any questions on the verification process or for further assistance.