Glass Lewis Announces that Company Opinions are Now Included With Research and Voting Recommendations
“Glass Lewis gives companies the last word.”
We thought about coming up with our own catchy phrase to summarize and lead into the below update from Glass Lewis, but felt Glass Lewis’ own phrasing captured it perfectly. In our view, this is a step in the right direction for the proxy advisory world, as it allows public issuers the opportunity to refute proxy advisory firm views, unfiltered. They will be able to address one of the core problems with proxy advisory firm reports where they may not accurately reflect the nuances of the business in the rationale for their vote recommendations. It’s great to see this progress, and we are hopeful that this change may have a trickle-down effect on other proxy advisory firms.