November 23, 2016

Proxy Advisory Firms Issue 2017 Voting Guidelines

Laura Bushnell, Zachary Cochran, Alana Griffin, Robert Leclerc, Alan Prince, Carrie Ratliff, William Smith III, Jeffrey Stein, Keith Townsend

King & Spalding

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Proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis) recently issued updated proxy voting guidelines for the upcoming 2017 proxy season. Notable updates were issued by one or both of ISS and Glass Lewis relating to the following:

..Governance and Capital Structure Following an IPO or Spin-Off ..Restricting Binding Shareholder Proposals

..“Over-Boarding”

..Board Evaluation and Refreshment

..Certain Compensation-Related Matters

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.