Is ISS calculating the year-over-year change in total direct compensation in 2007?
A.) The SEC disclosure rule requirements on executive and director compensation are distinctly different starting in 2007 for most companies. A comparison of total compensation between the new rule and old rule would not produce a meaningful result as the new rule requires expansive information on all forms of compensation. Therefore, a year-over-year change in total direct compensation will not be performed in 2007 but will be calculated in subsequent years.
