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      "text": "In February, ISS Head of Special Situations Research Cristiano Guerra left ISS to join Strategic Governance Advisors. Guerra has been replaced by Andrew Borek, a 12-year veteran of ISS. ISS retains the same framework for assessing contested elections.",
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      "text": "New SEC guidance provides it will consider “influencing” to include attempts to exert “pressure on management to implement specific measures or changes to policy” such as “implicitly or explicitly conditioning” voting support for directors at AGMs with respect to recommendations traditional governance and ESG matters. The new guidance also applies to control-related matters, such as a sale of the company or the election of directors not nominated by the company. Subsequent to the new guidance, many large institutional investors initially paused and reevaluated their engagement approach. Institutional investors will likely reestablish procedures around engagement that allow direct meetings with issuers, but their feedback in these meetings may be limited.",
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