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Expert Corporate Governance Service (ECGS)
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ISS - AGM 2 April 2020

In general, ISS is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting.  

Under ITEM 4, although not legally required in Denmark, the board of directors and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executive management if there is no legal requirement for it. Since there is no such (legal) requirement in Denmark, ECGS recommends to vote OPPOSE. 

In view of concerns over aggregate time commitmetns, ECGS normally would have recommended to vote OPPOSE to the (re-)election of: Ms. Claire Chiang (ITEM 7c), Mr. Henrik Poulsen (ITEM 7d) and proposed new nominee Mr. Søren Thorup Sørensen (ITEM 7e). However, considering that the proxy card does not permit this, it recommends abstention instead. 

Finally, under ITEM 9a the board of directors seeks approval of the Company's executive remuneration policy. ECGS notes that the maximum variable remuneration is NOT in accordance with its guidelines and therefore recommends to vote OPPOSE. 

Underlying
ISS A/S

ISS is a Facility Services company based in Denmark. Co.'s focus of operations is on providing its customers a full range of facility services required to meet each customers needs. Co. offers a wide range of services such as: Facility Management, Cleaning Services, Support Services, Property Services, Catering Services and Security Services. Co. maintains operations in more than 50 countries across Europe, Asia, North America, Latin America and Pacific, serving public and private sector customers in business services and information technology, manufacturing, healthcare, retail, transportation and infrastructure, energy, leisure, food and beverage, pharmaceutical, and other sectors.

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Proxinvest

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