Glass Lewis Blog
Incorporating Natural Capital into Engagements
Biodiversity risk represents a significant and growing financial risk, with the potential to impact global economic value directly and indirectly through operational risks, transition costs, environmental liabilities and more. A 2020 report by the World [...]
Labor Rights: Engagement Trends and Shareholder Proposals
As societies worldwide grapple with inequality, exploitation, and worker safety concerns, various stakeholders have increasingly engaged with companies on issues from workforce diversity and alleged labor rights violations to a range of practices and policies [...]
South Africa Introduces Binding Pay Votes and a ‘Two-Strike’ Rule for Directors
A new law in South Africa will materially change how shareholders vote on executive pay at publicly traded companies, including binding votes and a two strike rule that puts the spotlight on members of the [...]
Proxy Season 2024: Key Trends & Developments in the United States
Despite some high-profile meetings and controversies, it appears that U.S. shareholders were generally more supportive across the board in the 2024 proxy season, with significant declines in the number of failed directors and say-on-pay proposals, [...]
Navigating South Korea’s Corporate Value-Up Program
Earlier this year, Korea’s Financial Services Commission (FSC) launched the Corporate Value-Up Program to address the so-called “Korea Discount”, which has led Korean companies to be valued lower than their global peers. Inspired by a [...]
Proxy Season Global Briefing: Board of Directors
The board of directors is at the heart of corporate governance – and as the responsibilities associated with the board expand to cover topics like ESG and cybersecurity risk oversight, as well as destabilizing market [...]
Proxy Season Global Briefing: Executive Pay
Whether you call it compensation or remuneration, how — and how much — executives get paid is a lightning rod for companies and investors around the world. The 2024 proxy season even saw questions raised [...]
What’s Undermining the LTI? Insights from the Australian Market
While Australian large-cap CEOs often have short-term incentive (STI) and long-term incentive (LTI) opportunities of identical quantum, executives frequently view STIs as significantly more valuable than LTIs. This sentiment is so commonly expressed during our [...]
Proxy Season Global Briefing: Shareholder Rights & Corporate Governance
The 2024 proxy season saw shareholder rights and corporate governance standards put to the test. Prioritizing market competitiveness, exchanges and regulators in several countries proposed or implemented reforms that threaten longstanding investor protections; the U.S. [...]
Shopify and the Problem of Shareholder “Approval” at Multi-Class Companies
Media reporting can make proxy season seem more dramatic than it is. While breathless coverage of board strife, impossibly high executive pay figures and shareholder activism at well-known companies is the norm, the overwhelming majority [...]
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