2007 Policy InformationFollowing are details on ISS Governance Services' core policies for the 2007 proxy season.
2007 US Policy
The ISS Governance Services' core US corporate governance policy is used to analyze proposals on the proxy ballots of U.S. corporations. We apply our policies consistently and objectively, providing comprehensive analysis and informed vote recommendations to subscribing institutional investors.
2007 International Policy
ISS Governance Services' core International corporate governance policy is used to analyze proposals on the proxy ballots of companies domiciled outside of the United States and United Kingdom. We apply our policies consistently and objectively, providing comprehensive analysis and informed vote recommendations to subscribing institutional investors. Our international policy guidelines cover more than 115 markets worldwide and take local market practices into account. Disclosure and transparency requirements, which vary widely across global markets, are a major focus of our core international policy.
2007 Canadian Policy
ISS Governance Services' Canadian corporate governance policy is incorporated into its core International corporate governance policy described above. However, recognizing certain local market practices, annual policy updates for Canada are published separately.
2007 UK Policy
Policy guidelines applied to UK companies are determined by the National Association of Pension Funds (NAPF). Through RREV, we leverage the local market expertise of the NAPF to formulate and apply corporate governance policy to proposals on the ballots of UK companies.
2007 Social and Environmental Policy
ISS Governance Services' Social Investment Research Services (SIRS) provides investors with a broad range of proxy services designed to meet socially responsible investment (SRI)-based policy, voting and reporting needs. Our social proxy voting guidelines are developed to fit each investor's unique approach to social investing. We work with leading mutual funds, investment management firms, public pension funds, foundations and religious groups to develop and implement their proxy voting guidelines in a way that is consistent with the underlying values and objectives of their organizations.
2007 Faith-based Policy
ISS Governance Services' Catholic policy guidelines provide investors with a broad range of proxy services designed to meet Catholic-based policy, voting and reporting needs.
2007 Taft-Hartley Policy
ISS Governance Services' Taft-Hartley service provides proxy voting policies based on AFL-CIO guidelines that address issues specific to pension funds and other multi-employer plans. These policies and guidelines address typical governance issues such as election of directors, the ratification of auditors and executive compensation, through a labor-oriented lens. This in-depth analysis helps public plan sponsors and their investment managers meet the fiduciary duty to protect plan assets as required by the U.S. Department of Labor and the Employee Retirement Income Security Act of 1974.
2007 Public Pension Fund Policy
ISS Governance Services' Public Fund Policy is designed specifically for small and mid-size public pension funds and their investment managers. Public Fund Policy guidelines reflect the viewpoints of the public fund community on major corporate governance issues from director elections to executive compensation. In developing this policy, We incorporate input from more than forty public plan sponsors that participated in two different policy surveys. ISS Governance Services also seeks additional guidance on certain issues from several recognized public funds known for their leadership in corporate governance.
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