It’s that time of year again. RiskMetrics Group is seeking comments from institutional investors, corporate issuers, and governance constituents on proposed updates to its 2009 U.S. and International proxy voting policies.

This year, as part of its annual policy formulation process, RMG is publicly posting all comments to the draft policies. The comment period runs through Oct. 31. To comment, see www.riskmetrics.com/policy.

Among other things, RMG is proposing to expand its list of “poor pay practices” to include modified single triggers that provide an extended “window” of time (longer than one year) during which an executive may voluntarily leave and still receive the change-in-control severance package and dividends or dividend equivalents paid on unvested performance shares.

RMG is also considering recommending a vote against/withhold on compensation committee members when an S&P 500 company enters into a new or substantially amended agreement that provides for an excise tax gross-up and evaluating auto allowance and personal use of aircraft perquisites individually based on their value and overall utilization by a company.

RiskMetrics Group will release its final 2009 U.S. and International policy updates on Nov. 20 and its Global Policy Summary and Concise Guidelines on Dec. 18.