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ISS Publishes QuickScore 2.0 Overview and Opens Data Verification Period
Practical Law Legal Update 5-555-5445 (Approx. 3 pages)
ISS Publishes QuickScore 2.0 Overview and Opens Data Verification Period
by Practical Law Corporate & Securities
| Published on 28 Jan 2014 • USA (National/Federal) |
Institutional Shareholder Services (ISS) announced updates and enhancements to ISS Governance QuickScore (QuickScore 2.0) and announced the start of a two-week pre-launch data verification period for companies.
On January 27, 2014, Institutional Shareholder Services (ISS) released a technical document (which was updated on January 31, 2014) announcing updates and enhancements to ISS Governance QuickScore, its scoring and screening solution designed to help institutional investors identify governance risk within portfolio companies. The updated version of QuickScore is referred to as QuickScore 2.0.
QuickScore 2.0 assigns each company being assessed a numeric, decile-based score indicating its relative governance risk compared to other companies in an index or region.
Summary of Updates in QuickScore 2.0
QuickScore 2.0 includes the following enhancements and updates:
- Event-driven data updates that revise profiling and scoring for all companies on an ongoing basis based on publicly-available information, including company regulatory filings and other publicly disclosed materials.
- New and updated governance factors to:
- incorporate and weigh additional corporate governance practices;
- increase data availability and screening;
- strengthen company profile reports; and
- better differentiate companies.
- Zero-weight factors that provide insight into companies' governance structures and practices for informational purposes only, without impacting the company score.
- Modified scoring of questions and pillars to optimize alignment with ISS voting policy, company performance quantitative modeling results and global governance standards and best practices.
Following the release of QuickScore 2.0, changes to a company's governance structure will be tracked and integrated into a company's QuickScore on an ongoing basis.
Start of Two-week Pre-launch Data Verification Period
From January 27, 2014 through February 7, 2014 at 8:00 p.m. (EST), companies can preview their QuickScore 2.0 governance data and request any changes or updates using the data verification tool available on the ISS Governance Analytics website. ISS will review and respond to all requests for changes.