Although only a small number of the equity plans ISS has historically recommended against (on average, 30% of all plans) actually failed a shareholder vote, the binding nature of equity plan votes makes them particularly sensitive. Whether or not the new policy results in increased negative vote recommendations, it is likely that ISS's consulting arm will benefit from increased numbers of companies anxious to understand the likelihood that their equity plans will be judged acceptable. The Association's Center On Executive Compensation will be submitting comments to ISS on the draft policies; companies who wish to submit their own comments may do so by 6 p.m. EDT on October 29 by emailing email@example.com.
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