Other Unpublished Work | 2013

How ISS Dictates Equity Plan Design

by David F. Larcker, Ian D. Gow, Allan McCall and Brian Tayan


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?

Keywords: Voting; Institutional Investing; Corporate Governance;


Larcker, David F., Ian D. Gow, Allan McCall, and Brian Tayan. "How ISS Dictates Equity Plan Design." Stanford Closer Look Series, Stanford Graduate School of Business, 2013.