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Sneak Preview: How ISS Dictates Equity Plan Design

Sneak Preview: How ISS Dictates Equity Plan Design

By
David F. Larcker, Ian D. Gow, Allan McCall, Brian Tayan
Stanford Closer Look Series. October
2013

Proxy advisory firms have long been known to influence the voting decisions of institutional investors. Now, a growing body of evidence suggests that they also influence company decisions in equity plan design. Should shareholders and the SEC be concerned?