Glass Lewis to End Uniform Proxy Voting Recommendations as Investors in U.S., EU Diverge on ESG

Glass Lewis to End Uniform Proxy Voting Recommendations as Investors in U.S., EU Diverge on ESG

Proxy advisory firms Glass Lewis announced plans to significantly change its delivery of research and voting recommendations, including no longer providing singular voting advice to clients, noting that investors in the U.S. and Europe are diverging on issues including sustainability and corporate engagement. The move comes as the firm also faces increasing pressure from Republican […]

The Changing Face of Proxy Voting and Stewardship

Quick ViewGlass Lewis announces major shift in approach, removing house research reports and recommendationsChanges come on the back of increasing political pressure, and also reflect feedback from institutional investor clients and technological shiftsGreater fragmentation in voting likely to increase support for management at AGMs, but uncertainty remains on investor approaches to specific governance issues. Alongside pass-through voting, the …