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For companies with Fall 2025 or early 2026 annual meetings, ISS’s peer group submission window is now open, through July 18. We anticipate Glass Lewis’s window will also open in the near future. During this period, companies can update their self-constructed compensation peer groups for use in proxy advisors’ upcoming executive pay assessments.
Absent a submission, ISS and Glass Lewis will default to the peer group disclosed in the last definitive proxy.
ISS and Glass Lewis consider a company’s self-selected compensation peer group to be one of the key inputs in developing the peer groups that they each use to evaluate the alignment of the company’s executive compensation with financial performance on both a relative and absolute basis. Both proxy advisors are looking for the most recent peer group that informed FY25 pay decisions.
ISS and Glass Lewis Submission Window and Process
Expected Glass Lewis window based on past precedent – information found on their website.
Submission forms and additional information:
- ISS: Peer submission form available here; more information available here
- Glass Lewis: More information available here; See Pay for Performance Methodology FAQ – “Peer Selection Process” section
Need Assistance?
Compensia has extensive experience in helping companies establish executive compensation programs and practices, and developing disclosure of such practices in their proxy materials, taking into consideration SEC disclosure requirements, proxy advisor policies, and investor expectations. If you would like assistance with, or if you have any questions on, the subjects addressed in this Thoughtful Disclosure Alert, please contact your regular Compensia team members or the authors of this Alert:
