San Francisco (Sept. 27, 2004) — Glass, Lewis & Co., an independent research firm serving institutional investors, announced today the expansion of its proxy research service to include foreign-based public companies. Glass Lewis now covers more than 1200 foreign companies domiciled in 23 countries. With this expansion in coverage, Glass Lewis covers more than 6200 companies across the globe and has become the only global, conflict-free provider of proxy research and analysis.
“We are flattered that our clients have asked us to expand coverage beyond the United States into overseas markets,” said Gregory P. Taxin, Glass Lewis’ chief executive officer, “and pleased that two of the largest institutional investors have agreed to become our flagship customers for this new international research product.”
With the expansion in coverage, Glass Lewis provides objective advice on companies that comprise more than 90% of the equity market capitalization of the world’s developed financial markets.
The foreign coverage universe includes all companies in the MSCI EAFE + Canada and MCSI World indices. Glass Lewis’ expanded international research teams are headed mainly by foreign-born, native speakers, most of whom were lawyers or bankers in the markets covered by Glass Lewis’ new research.
“We are delighted by the early, positive reception our new research product is getting from large, influential investors,” said Lynn E. Turner, Managing Director of Research at Glass Lewis and the former Chief Accountant of the Securities and Exchange Commission.
About Glass, Lewis & Co.
Glass, Lewis & Co. is an independent research firm that focuses on issues of corporate integrity. Glass Lewis is the only provider of global, conflict- free proxy research. Glass Lewis covers more than 6,200 companies worldwide. Glass Lewis provides research to institutions that collectively manage more than $6 trillion. Among its clients are six of the ten largest mutual fund families and six of
the eight largest pension funds. For more information about Glass Lewis, visit / .
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CONTACT: KT Rabin of Glass, Lewis & Co., +1-415-678-4224, orkrabin@glasslewis.com