Institutional Shareholder Services (“ISS”) is now accepting updates to a company’s list of self-selected peers until 8:00PM EST on December 11, 2015. In determining the comparison group used by ISS in its evaluation of a company’s pay-for-performance, ISS will consider the list of peers self-selected by the subject company. If no updated peers are provided, ISS will consider the peers most recently disclosed by the company as of December 2015. The current update period is available for companies with annual meetings between February 1, 2016 and September 15, 2016. There will be a separate peer submission process in mid-2016 for companies with annual meetings after September 15, 2016. For FAQs regarding ISS peer group selection methodology, please click here. The form for submitting updated peers can be accessed here.
Equilar, used by Glass Lewis in its say-on-pay analysis, updates its peer groups in January and July of each year and is now accepting updates until December 31, 2015 for companies filing a proxy statement between January 15, 2016 and July 14, 2016. Glass Lewis has indicated that it does not change the peer group selection it receives from Equilar. Please click here for Equilar’s peer group update FAQs and here to update a Company’s list of self-selected peers on Equilar’s peer group update portal.