Institutional Shareholder Services, a leading corporate proxy firm, recently proposed a new policy that clarifies its support for shareholder proposals requesting greater disclosure of a company’s natural gas hydraulic fracturing operations and efforts to manage and mitigate the potential impacts of those operations. As background for the new policy, ISS notes the increasing media and public policy attention on hydraulic fracturing operations, the high level of support hydraulic fracturing proposals received in 2010 and 2011 and ISS’s recommendation of votes in favor of each of those proposals.

The ISS release on its proposed policy, found here, specifically requests comments on the scope and reasonableness of the proposed policy, providing exploration and production and oilfield service companies an opportunity to shape the final policy.

For a more detailed discussion of this development, click here.