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On November 12, 2020, Institutional Shareholder Services, or ISS, released its proxy voting policy updates for the 2021 proxy season. The updates are effective for annual meetings on or after February 1, 2021. While the updates largely impact the 2021 proxy season, companies will need to consider in greater detail racial and ethnic diversity in their board composition for the 2022 proxy season. The updates are discussed below, with the most significant updates summarized here.
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