January 27, 2020
Agenda – ISS: Say More on CEO Exit Deals, Or Else
What boards choose to disclose about a CEO’s departure could impact how Institutional Shareholder Services makes voting recommendations this proxy season, according to the proxy advisor’s recently released FAQs document on compensation policies.
According to ISS, CEOs should not receive severance if they stepped down willingly. As a result, ISS said, it wants more detail on whether the CEO was officially terminated for cause or not.