Further to our prior report: “Investor Stewardship Principles: How Companies/Boards Should Prepare,” the Investor Stewardship Group issued this release in advance of the January 1, 2018, effective date of its early 2017-launched Framework for US Stewardship and Governance reminding companies that investor signatories expect corporates’ disclosure of their practices relative to the Framework’s Corporate Governance Principles as of the new year. How and where companies communicate their practices relative to the Principles - which are not intended to be all-inclusive or overly prescriptive - is reportedly within each company’s discretion.
The release notes:
Beginning with the 2018 proxy season, ISG signatories are encouraging companies to articulate how their governance structures and practices align with the ISG’s Corporate Governance Principles and where and why they differ in approach. ISG signatories believe companies can best decide on how and where to disclose their alignment with the Principles, for example, through investor relations, boards of directors or corporate governance websites, or in other investor outreach/engagement materials.
See also Davis Polk Counsel & Society member Ning Chiu’s post, our prior reports: "Investor Coalition Launches Stewardship & Governance Principles," "SSGA Demonstrates Compliance With New US Stewardship Framework," "Investor Stewardship Group: A Corporate Governance Game-Changer?," and additional relevant resources on our Corporate Governance Codes & Guidelines topical page.