On May 9, 2018, Glass Lewis received a letter from members of the U.S. Senate Banking Committee, seeking information regarding Glass Lewis and the business practices of proxy advisory firms:
Senate Banking Committee Letter – Glass Lewis
Our response directly addresses the questions posed in the letter, refutes some of the common misconceptions cited about the proxy advisory industry and highlights significant business model differences that exist among proxy advisors:
Glass Lewis Response to U.S. Senate Banking Committee
We strongly encourage institutional investors and corporate issuers to review both the letter from the U.S. Senate Banking Committee and our response.
If you would like to provide feedback or have any additional questions regarding Glass Lewis’ response, please email compliance@glasslewis.com.
We also encourage corporate issuers and institutional investors to explore the following resources:
Year-Round Policy Guideline Feedback