Proxy advisory services, Institutional Shareholder Services (ISS) and Glass Lewis, recently issued updates to their respective voting policies for the 2022 proxy season, with notable changes related to environmental, social, and governance (ESG) topics. Highlights include board diversity, climate accountability (including say-on-climate proposals), and board oversight of environmental and social risks. The ISS policy updates for US companies are available here and the Glass Lewis policy updates are available here. Glass Lewis also recently released its updated approach to ESG proposals for the upcoming proxy season. The Glass Lewis and ISS policy updates are generally effective for shareholder meetings held after January 1, 2022, and February 1, 2022, respectively, except as noted below. Continue reading >