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Email On April 8, 2020, Institutional Shareholder Services (“ISS”) published guidance on its voting policies in light of the market-wide effects of the COVID-19 pandemic. While ISS maintains that its existing policies are sufficiently flexible to take into account the impact of COVID-19 on a case-by-case basis, ISS provided more specific guidance on certain issues, including shareholder rights plans, stating that plans with a duration of less than one year will likely be justified in most cases given the impact of the pandemic on stock prices. https://www.cadwalader.com/resources/clients-friends-memos/covid-19-update-iss-provides-policy-guidance-on-limited-duration-poison-pills-to-address-the-impact-of-covid-19