On September 29, Institutional Shareholder Services (ISS), a leading proxy advisory firm, published the results of its 2014–2015 global voting policy survey. The survey, which, according to ISS, received more than 370 responses from a combination of institutional investors, corporate issuers and other corporate governance stakeholders, is an important component in ISS’ voting policy formulation process.

Click on the following link for the article: www.natlawreview.com

In part, the article states:

“Risk Oversight/Audit: While a majority of investor respondents indicated that, when evaluating the board’s role in risk oversight, the role of the relevant risk oversight committee, the board’s risk oversight policies and procedures, board oversight action prior to incidents and board oversight after an incident were all “very” or “somewhat” important, the highest percentage (85 percent of investors) indicated that action subsequent to an incident was “very” important.”

Interesting.  Post-incident action rated more important than pre-incident risk management?  I don’t think so.  Important?  Yes.  Very important?  Yes.  More important?  No.

Dave Tate, CPA, Esq. (San Francisco / California)