News Release

Limerick, February 19, 2025 – Glass Lewis, a global leader in corporate governance insights and proxy voting execution, today announced its commitment to the Swiss Stewardship Code. As European institutional investors fulfill both mandatory and voluntary stewardship obligations, many are aligning their practices with frameworks like the Swiss Stewardship Code. Glass Lewis plays a key role in supporting institutional investors by providing expert guidance and customized engagement and proxy voting solutions.

Developed by the Asset Management Association Switzerland and Swiss Sustainable Finance, the Code aims to strengthen stewardship practices across the Swiss investment industry. By engaging with thousands of companies worldwide and offering diverse proxy voting policies, Glass Lewis facilitates meaningful dialogue and informed decision-making, helping its institutional clients effectively meet their stewardship responsibilities in alignment with the Code.

“As a longstanding participant in Switzerland’s investment stewardship ecosystem, Glass Lewis values its ongoing dialogue with Swiss public companies, investors, and policymakers,” said Chris Rushton, Senior Director of EMEA Research at Glass Lewis. “By endorsing the Code, we continue to advance corporate governance and responsible investment across the Swiss financial landscape, ensuring investors have access to informed insights and comprehensive stewardship solutions.”

The Code emphasizes strong governance, effective conflict management, company monitoring, and active ownership through engagement and voting—all of which align with Glass Lewis’ role as a trusted research, engagement, and voting services provider to institutional investors in Switzerland. The company offers customizable services, enabling clients to leverage its Stewardship team for specific engagement campaigns or participate in a structured engagement program. Additionally, Glass Lewis is well-known for its industry-leading governance research, proxy voting technology and broad range of voting policies that support investors’ unique stewardship priorities.

To view Glass Lewis’ Statement on the Swiss Stewardship Code, please visit here.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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December 4, 2024 London, U.K. – Proxymity, a global leader in digital investor communications, and Glass Lewis, a global leader in proxy voting and corporate governance insights, have announced a strategic partnership enabling institutional investors to carry out their end to end proxy voting process faster and more efficiently.

Glass Lewis clients can now leverage Proxymity’s proprietary technology and market connectivity for company meetings supported by the Proxymity platform. Benefits include instant meeting notifications, extended voting deadlines, and improved transparency throughout the meeting lifecycle, including true post-meeting vote confirmations.

Glass Lewis is well-recognized for delivering its proxy research and vote recommendations approximately 20 days in advance of company AGMs, providing clients more time to make vote decisions. With Proxymity’s extensive connectivity with issuers and leading custodian networks globally, investors using Glass Lewis can also benefit from improved voting deadlines, further expanding the amount of time investors have to cast their votes. The utilization of modern, real-time APIs, ensures investors can view and exercise accurate, up-to-the minute, voting entitlements. This represents another key step in bringing issuers and their shareholders closer together with real-time transparent communication and data.

“We are thrilled to partner with Glass Lewis to empower institutional investors with unmatched transparency and efficiency in their voting processes. This collaboration marks a significant step forward in our mission to streamline investor communications and ensure stakeholders have the tools they need for informed and timely execution of their shareholder rights,” said Dean Little, CEO of Proxymity.

“As the governance landscape continues to evolve, our partnership with Proxymity demonstrates our commitment to improving the timeliness, accuracy and transparency of the proxy voting process through the use of modern technologies and streamlined solutions. Together, we’re setting new standards for voting efficiency and transparency that benefit all stakeholders,” said Glass Lewis, Chief Operating Officer, John Wieck.

About Proxymity

Adopted by 87% of FTSE 100 companies, Proxymity connects the world’s ecosystem of issuers, intermediaries, and investors digitally in real-time, bringing unprecedented transparency, efficiency, and accuracy to traditional paper-based processes. Trusted by the world’s largest financial institutions, Proxymity’s ground-breaking technology has also been recognised industry-wide, with recent awards including GC Magazine’s “FinTech of the Year 2024,” “FinTech of the Year (Asia) 2023” and FSTech’s “Most Disruptive Technology in FinTech.”

Our solutions give public companies confidence that their AGM/EGM agendas are transmitted as “golden source” and provide institutional investors with the time to research and vote on corporate decisions, as well as actual digital confirmation that their votes have been received. The digital-native platform, built on highly scalable technology, provides full compliance with the latest regulations such as the Shareholder Rights Directive (SRD II).

Proxymity promotes enhanced environmental, social, and governance (ESG) by improving communication between issuers and investors while making it easier for intermediaries to provide efficient, timely and compliant client service.

The company is backed by a global consortium of the industry’s most influential financial institutions, representing seven of the world’s top 10 Global Custodians managing over $200 trillion in assets under custody (BNP Paribas, BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, HSBC, J.P. Morgan, Mediant, State Street).

For more information, visit www.proxymity.io.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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Major policy updates focus on board oversight of artificial intelligence, shareholder meeting formats, and time-based awards

San Francisco, Limerick, November 14, 2024 – Glass Lewis, a global leader in corporate governance and proxy voting, released its 2025 Proxy Voting Policy Guidelines for the U.S., UK and Europe, including guidelines for shareholder proposals and ESG-related issues. The 2025 Voting Policy Guidelines will apply to shareholder meetings held after January 1, 2025. Glass Lewis will publish updates to its Voting Policy Guidelines for additional local markets and its Thematic Policy Guidelines by mid-December.

The Voting Policy Guidelines detail Glass Lewis’ approach to assessing ballot items at annual general meetings for the upcoming 2025 proxy season. To provide market stakeholders with additional regional context, Glass Lewis will hold a webinar for North America on December 11, and for Continental Europe and the UK on December 12. To register for the webinars, please visit here. Below are the key 2025 policy updates.

U.S.

• The guidelines for the U.S. include added or updated sections on board oversight of artificial intelligence, board responsiveness to shareholder proposals, and change-in-control provisions for executive compensation.
• Glass Lewis has also clarified its policy approach on reincorporation proposals and executive pay programs.

Continental Europe and UK

• The updated UK guidelines set increased expectations on board-level gender diversity for non-FTSE 350 main market companies, from a minimum of one to two gender diverse directors.
• For Europe, Glass Lewis has expanded its discussion on shareholder meeting formats to include closed-door shareholder meetings.
• For Europe and the UK, the guidelines offer more insight on the firm’s approach and expectations for when companies propose to move from performance-based to time-based awards in long-term incentive plans.

Shareholder Proposals and ESG-Related Issues (Global)

• The guidelines now include a policy on Glass Lewis’ approach to evaluating shareholder proposals pertaining to companies’ use of AI technologies.

Glass Lewis annually reviews and updates its Voting Policy Guidelines, drawing on valuable insights gleaned from client meetings, its Global Policy Survey and industry-leading engagement program, hosted events and industry conferences. Additionally, the firm’s global team of research experts conducts a rigorous review of regulatory changes, key market trends, regional best practices, and industry guidelines, integrating notable developments into its policies.

To view Glass Lewis’ 2025 Voting Policy Guidelines, please visit here.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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Over 480 investors, companies, and market stakeholders provided valuable insights on board oversight of AI, incentives, and shareholder meeting formats.

San Francisco, Limerick, November 11, 2024  Glass Lewis, a global leader in corporate governance and proxy voting, published the findings of its 2024 Global Policy Survey. The survey, which solicited input from all Glass Lewis clients and market stakeholders, seeks to align Glass Lewis Voting Policy Guidelines with prevailing market sentiment on timely governance, ESG, and stewardship matters ahead of the 2025 proxy season.
In total, Glass Lewis received 113 responses from investors and 374 responses from non-investors. The survey questions spanned a variety of areas, including, but not limited to board oversight of technology, the transatlantic pay gap, and climate transition oversight, among others. Below are notable findings from the survey.

Artificial Intelligence (AI) Governance

• Despite the nascent stage of AI on board agendas, over three quarters of investors believe it is not too early to hold boards accountable for AI issues.
• Investors appear most interested in understanding how boards are overseeing AI governance and seeing comprehensive reporting on usage and ethical considerations.

Performance-Based vs. Time-Based Incentives

• Most investors and non-investors still see value in performance-based incentives, preferring these award structures to time-based awards.
• However, more than 85 percent of investors are willing to support the use of time-based awards under the right circumstances.

Shareholder Meeting Format

• While most investors (52 percent) favored in-person attendance at annual general meetings, the most popular response among non-investors (47 percent) was that shareholders should defer to the board on meeting format.

Gathering diverse market perspectives through our Global Policy Survey, extensive global engagement program and other strategic market initiatives, meaningfully strengthens our policy review process and guidelines, said Chris Rushton, senior director of research at Glass Lewis. We express our sincere gratitude to the more than 480 professionals who contributed their insights on these timely and important governance and stewardship topics.

In mid-November, Glass Lewis will release its 2025 Voting Policy Guidelines for key markets and its 2025 ESG Initiatives Policy Guidelines covering shareholder proposals. The company will publish its guidelines for additional local markets in mid-December. The 2025 Voting Policy Guidelines will apply to shareholder meetings held after January 1, 2025.

To access Glass Lewis 2024 Policy Survey, please visit here.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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Bob Mann to take the helm of leading corporate governance and proxy voting firm next month SAN FRANCISCO (April 24, 2024)‍

Glass Lewis, the global corporate governance and proxy voting advisor, today announced that Bob Mann, former Morningstar Sustainalytics President, will join the firm as its new chief executive officer next month. Mann brings with him a highly successful track record of operational excellence, accelerated growth and product innovation. As president and COO for more than 15 years, he led the ESG ratings firm Sustainalytics to year over year double digit growth, which culminated in its 2020 sale to Morningstar, Inc., the Chicago-based investment research and data company. Following that transaction, Mr. Mann subsequently became President of the Morningstar Sustainalytics business unit, integrating its expansive ESG research, ratings and data across the organization. I could not be more certain that Bob Mann is the right person at the right time to lead Glass Lewis to its next stage of strategic growth, said co-founder, Kevin Cameron. Bob has impressive operational experience and a keen understanding of the solutions needed to best serve asset managers, asset owners and corporate issuers in their investment and business decision-making. I'm excited to entrust Glass Lewis to Bob and also to support him as a member of our Board of Directors. Acquired by Toronto-based Peloton Capital Management (PCM) and its co-founder Stephen Smith in 2021, Glass Lewis has consistently been strengthening its position as one of only two global corporate governance and proxy voting advisors in the world. PCM managing partner Steve Faraone and partner Debra Dobson led the comprehensive search that culminated in Mr. Mann's CEO appointment. Mr. Faraone said, We are confident in Bobs ability to create value and believe his experience, vision and leadership style will serve Glass Lewis and its employees well. As a Director, I look forward to working closely with Bob in the months and years to come. I am thrilled to be joining this exceptional firm and team at a time when my past experience can be most valuable to Glass Lewis future direction, said Mr. Mann. I've been impressed by Pelotons supportive ownership and by the progress the company has made in a number of important areas. I'm eager to build upon Glass Lewis solid foundation and contribute to its continued success.

‍About Glass Lewis:

‍Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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‍About Peloton Capital Management:

‍Peloton Capital Management was founded in 2018 and is a private equity firm with patient capital and a long-term investment orientation. PCM has a proven team with deep expertise and value-creation capabilities in the financial, healthcare, consumer, and business services sectors and focuses on North American middle-market companies. PCM currently manages over C$1.25B in committed capital and has established successful partnerships with nine platform companies across Canada and the United States.

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Major policy updates focus on executive share ownership rules, clawback provisions, and board oversight of cyber and climate risk

San Francisco, Limerick, November 16, 2023  Glass Lewis, a global leader in corporate governance and proxy voting, released its 2024 Proxy Voting Policy Guidelines for the U.S., Canada, UK, Europe, Korea, including guidelines for shareholder proposals and ESG-related issues. The 2024 Voting Policy Guidelines will apply to shareholder meetings held after January 1, 2024. Glass Lewis will publish updates to its Voting Policy Guidelines for additional local markets and its Thematic Policy Guidelines by late December.

The Voting Policy Guidelines outline Glass Lewis approach to assessing ballot items at annual general meetings for the upcoming proxy season. To provide market stakeholders with helpful context, Glass Lewis will hold a webinar for North America on December 7, and for Continental Europe and the UK on December 12. To register for the webinars, please visit here. Key 2024 policy updates are outlined below:

U.S. and Canada

• The guidelines for the U.S. and Canada now include updated policy sections on cyber risk oversight, executive ownership guidelines, and the utility of clawback provisions.
• Glass Lewis has also enhanced its policy for the U.S. market on material weaknesses in internal controls over financial reporting, and board oversight of environmental and social issues.

Continental Europe and UK

• For Europe and the UK, Glass Lewis has expanded its policy on cyber risk oversight and noted that companies should adopt minimum share ownership requirements for the duration of an executive's tenure.
• The updated guidelines for the UK include clarification on remuneration at financial institutions.

Korea

• Glass Lewis assessment of gender diversity on Korean boards has shifted to a percentage-based approach to reflect new regulations and increasing investor focus on board diversity.
• The guidelines include an update on undisclosed financial statements to better align with practices and regulations.

Shareholder Proposals and ESG-Related Issues (Global)

• The guidelines include an update on management proposed ESG resolutions to reflect Glass Lewis approach to mandatory proposals in Spain and Switzerland asking shareholders to approve non-financial reporting.
• Glass Lewis will apply its policy on board accountability for climate-related issues to most large-cap companies and has updated its approach to shareholder proposals to consider engagement between companies and investors.

To enhance its annual global policy review process, Glass Lewis recently conducted a Policy Survey to better understand stakeholder sentiment on timely governance, ESG and stewardship matters. Results from the survey reaffirmed Glass Lewis intended approach on updates to its Guidelines in several areas, including cybersecurity, clawback provisions, and executive ownership guidelines, among others. To view Glass Lewis 2024 Voting Policy Guidelines, please visit here.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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Over 550 investors, companies, and other market stakeholders from around the world provided input on timely corporate governance, ESG and stewardship matters

San Francisco, Limerick, November 9, 2023  Glass Lewis, a global leader in corporate governance and proxy voting, released the findings from its first-ever Policy Survey, which was conducted in August and September 2023. All Glass Lewis clients  investor and corporate  were invited to participate. Through its survey  along with its industry-leading global engagement program and other critically important market initiatives - Glass Lewis seeks to better understand stakeholder sentiment on timely governance, ESG and stewardship matters in order to best align its Benchmark Voting Policy Guidelines to its clients expectations.

In total, Glass Lewis received 140 responses from institutional investors, and 417 responses from corporate issuers, corporate advisors, shareholder advocates and other stakeholders. The survey questions spanned a variety of areas, including executive compensation, ESG and shareholder proposals, capital structure/voting rights, and director commitments, among others. Below are notable findings from the survey.

• Investors view financial results, excluding total shareholder return (TSR), and incentive payouts relative to TSR as the most important factors when reviewing executive pay-for-performance alignment.
• Overwhelmingly, respondents indicated that companies should set greenhouse gas (GHG) emissions targets. However, there was a split on exactly which companies should set targets  and exactly which types of targets they should set.
• More than 40% of investors would vote against boards that use plurality voting for uncontested director elections, and over two-thirds view the practice as problematic.
• Most investors believe all board-level roles should be considered when assessing whether directors commitments are overstretched.

Amid rapidly evolving regulatory requirements, industry standards, and investor expectations, adding our Policy Survey as another valuable mechanism to gather market perspectives enables us to enhance our policy review process and provide more meaningful research analysis, said Eric Shostal, senior vice president of research and engagement at Glass Lewis. Were grateful to the more than 550 professionals that took the time to provide input on important governance matters.

Later this month, Glass Lewis will release its 2024 Benchmark Voting Policy Guidelines for the U.S., Canada, UK, and Continental Europe. In addition, the company will issue its 2024 ESG Initiatives Policy Guidelines, covering shareholder proposals. By mid-December, the company will publish its guidelines for additional local markets. The 2024 Benchmark Voting Policy Guidelines will apply to shareholder meetings held after January 1, 2024.

To access Glass Lewis 2023 Client Policy Survey, please visit here.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices and how investors view them. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

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Institutional investors can select the stewardship service level that best fits their needs in executing effective engagement programs and complying with reporting requirements

San Francisco, Limerick, October 10, 2023  Glass Lewis, a global leader in corporate governance and proxy voting, is introducing a new comprehensive suite of Stewardship Solutions designed for investment managers and pension funds. Engaging with a variety of portfolio companies on a diverse set of governance, environmental, and social issues requires considerable time and expertise. We know this firsthand because we've been supporting clients engagement programs for some time now and have a front row view into the effort it takes to engage effectively and report on the outcomes of those engagements, said Eric Shostal, Head of Global Research and Engagement at Glass Lewis.

Glass Lewis new, multi-level Stewardship Solutions enable investors to consider their engagement needs and look to the expertise of the Glass Lewis Stewardship team to enhance their outreach programs. The new solution set flexes from a SaaS-based tracking and reporting platform that clients can use to track their own program to a fully custom service that leverages Glass Lewis Stewardship team to perform and management engagement campaigns on their firm's behalf.

Investment stewardship is intensifying and deepening globally due to evolving regulatory requirements, voluntary frameworks such as the PRI and ISSB, and the need to manage risks and meet client demand. Given today's heightened stewardship expectations, meeting fiduciary obligations through a robust engagement program is crucial to supporting long-term value creation, said Elena Leofanti, Director of Stewardship at Glass Lewis. Yet, with varying priorities and time horizons, there is not a one-size-fits-all approach to investment stewardship. Plus, some investors may be new to engagement, while others have highly sophisticated programs in place. Glass Lewis recognizes investors are at various stages of their engagement journey and their efforts are multilayered, which is why we developed our solutions to accommodate a spectrum of needs.

With more than two decades of corporate governance, ESG and proxy voting experience, Glass Lewis is well-positioned to address investors ever-increasing stewardship needs. The firm is well-known for its industry-leading governance research and controversy insights, sophisticated Viewpoint voting platform, wide variety of proxy voting policy choices, engagement services, and extensive ESG database. Under its new Stewardship Solutions, Glass Lewis Is able to address the expanding governance requirements clients face.

To learn more about how Glass Lewis Stewardship Solutions can benefit your organization, please visit here.

About Glass Lewis

Founded in 2003, Glass Lewis is a leading global provider of independent corporate governance, stewardship, and proxy voting solutions. The firm serves more than 1,300 investment managers and pension funds globally, who use its high-quality corporate governance and ESG research and proxy voting software to carry out their fiduciary duties. Glass Lewis also helps companies understand and implement corporate governance best practices. Headquartered in San Francisco, Glass Lewis has offices in the United States, United Kingdom, Europe, Asia, and Australia. For more information, please visit www.glasslewis.com.

The launch of the newly redesigned Governance Hub from Glass Lewis offers public companies a customized experience through an intuitive platform that delivers proxy research, ESG thought leadership, policy guidelines, and direct communication with Glass Lewis all in one place.

SAN FRANCISCO (March 13, 2023)  Glass Lewis announced today the launch of the newly redesigned Governance Hub, a platform that gives public companies quick access to critical data, insights, and analysis to support their corporate governance programs and practices. Institutional asset managers and pension funds worldwide rely on Glass Lewis so they can make informed proxy voting decisions.  

As the new proxy season begins, it is important for corporate secretaries, investor relations officers, and governance professionals to be well-informed about investor perspectives on governance best practices, including executive compensation, board diversity, and material environmental risks. Serving the proxy voting needs of so many institutional investors, Glass Lewis has unique insights into what is important to investors as they prepare to execute their proxy voting responsibilities.  

Glass Lewis Governance Hub, originally launched in 2022, delivers critical and timely information to governance professionals by providing immediate access to company-specific Glass Lewis Proxy Paper reports and the reports of selected peers. Additionally, Governance Hub customers can access helpful content regional and industry trends authored by Glass Lewis thought leaders. Companies can also leverage the platform to register to review the data used by Glass Lewis in its analysis and to provide information directly to shareholders after the Proxy Paper is published.  

Understanding that building and managing effective corporate governance programs and practices is a year-round job that extends well beyond the proxy voting period, Glass Lewis incorporated input from Governance Hub subscribers to improve the platform's user interface and overall customer experience.

Glass Lewis has a strong reputation as an informed proxy advisor trusted by institutional investors worldwide, said Lili Mehta, SVP, Corporate Solutions at Glass Lewis. So, it is not surprising that an increasing number of corporate issuers rely on our Governance Hub platform to help them implement the corporate governance programs and practices that are most important to their shareholders.  

To learn more about Governance Hub, please click here.  

About Glass Lewis:

Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make informed decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at?www.glasslewis.com.

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Cheryl Gustitus Brings Decades-Long Corporate Governance and ESG Industry Experience as Glass Lewis' New Chief Strategy Officer

SAN FRANCISCO (March 6, 2023)  Glass Lewis announced today that Cheryl Gustitus, a long-time corporate governance and ESG industry executive, has joined the firm as its Chief Strategy Officer, a newly created leadership role intended to drive accelerated growth. Acquired by Toronto-based Peloton Capital Management (PCM) and its co-founder Stephen Smith in 2021, Glass Lewis has been strengthening its management team to compete more aggressively in the ever-evolving corporate governance and ESG data space.

Since its founding in 2003, the company has been a leading global provider of proxy voting and corporate governance research, data and analytics relied upon by institutional asset managers, pension funds and corporate issuers worldwide. In this role, Gustitus will guide Glass Lewis strategic initiatives, including elevating the firm's global brand, improving its market position, expanding its product suite and accelerating the firm's growth.

Cheryl's extensive experience and considered approach to corporate strategy will help us better serve our existing and future clients, expand further into global markets, and drive us to compete at a whole new level, said Kevin Cameron, Glass Lewis Co-Founder and Executive Chairman. She has a proven track record of igniting growth and is an exceptional leader with deep expertise in marketing and strategy. "I am thrilled to be joining this exceptional team at a time when the need for high quality corporate governance, ESG and related business insights that support decision-making have never been more important to investors and companies alike", said Gustitus.

In fact, Glass Lewis has been moving to expand its presence among European investors and companies. In December, the firm acquired corporate governance and voting advisory firm Proxinvest, cementing a leadership position in the strategically important French market.

About Glass Lewis:  

Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make informed decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at www.glasslewis.com.

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Glass Lewis announces the acquisition of French proxy advisory firm Proxinvest as it continues its geographic expansion and demonstrates increased commitment to its growing client base in the European market.    

SAN FRANCISCO AND PARIS (December 1, 2022)  Glass Lewis is excited to announce the acquisition of French proxy advisory firm Proxinvest, effective December 1, 2022. Founded in 1995, Proxinvest is the only French voting advisory agency, offering coverage of French and European companies to investors. Glass Lewis has been focused on geographic expansion and the Proxinvest acquisition marks another step toward strengthening its presence in the European market. Acquiring Proxinvest will allow Glass Lewis to better serve both the European institutional and corporate markets.

There is an immediate benefit to existing Proxinvest clients as the sale facilitates access to additional Glass Lewis products and services such as Proxy Paper research reports, the Viewpoint voting platform, and the newly launched active ownership-focused SaaS Engagement Management Platform. The acquisition allows Glass Lewis to continue positive brand momentum in the European market, following the acquisition of Spanish proxy firm Alembeeks clients.

Alain Demarolle, Chairman of the Board and Charles Pinel, CEO of Proxinvest said, We hold in high regard Glass Lewis, already our partner in certain areas. We know Glass Lewis will fully protect the independence of our distinctive research and the whole Proxinvest team is excited to now join forces.  

Proxinvest's proxy voting policy is developed in alignment with the unique perspectives of their French clients. Glass Lewis is committed to maintaining this policy and will continue to offer it in French to serve the needs of the region. Glass Lewis has completed several successful geographically focused acquisitions in the past, such as the German firm IVOX, with a demonstrated track record of meeting the needs of local clients.  

I am delighted to welcome Proxinvest to the growing Glass Lewis family, said Kevin Cameron, Co-Founder of Glass Lewis. Proxinvest is a leader in the proxy research space in France and their clients extend across Europe. They are highly respected for their proxy research which we will continue to offer in the French language to meet the needs of the market. I am particularly excited to offer our ever-expanding suite of solutions to Proxinvest's clients, including our newest SaaS solution, the Engagement Management Platform, which will help investors better manage their ESG initiatives.

Proxinvest will become a wholly-owned subsidiary of Glass Lewis and clients can continue to expect the highest level of service without any disruption.

To view the press release in French, please click here.

About Glass Lewis:  

Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make informed decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at www.glasslewis.com.

About Proxinvest:  

Founded in 1995, Proxinvest is the only French voting advisory agency or proxy advisor specialized in matters related to general meetings, corporate governance and shareholder engagement. Proxinvest advises on shareholder engagement policy and assists investors in exercising their voting rights at general meetings of listed companies. Proxinvest also offers its clients alerts and analysis on corporate governance of companies. Proxinvest offers coverage of the main European Stoxx indexes (MSCI Europe, FTSE Eurofirst 300, Stoxx Europe 50) and every European company on demand. Proxinvest has been collecting data relating to the governance of listed companies for over 20 years. For more information, please visit www.proxinvest.com.

Glass Lewis announces the launch of the Engagement Management Platform, enabling investors to centralize active ownership engagement and proxy voting data to better manage and meet ESG goals across their portfolios.

SAN FRANCISCO (October 25, 2022)  Glass Lewis today announced the launch of the Engagement Management Platform, a software solution that enables institutional investors stewardship teams to record, track, and report on their engagement activities. Through the platform, Glass Lewis clients can prioritize ESG issues, optimize their engagement processes, and automatically report on the progress, and efficacy of their engagement programs. Glass Lewis is a global provider of governance solutions including proxy research and voting technology. The launch of the Engagement Management Platform augments a powerful ecosystem of Glass Lewis active ownership resources including the Engagement Solution where investors can leverage the 1,000+ meetings conducted across 40+ global markets by Glass Lewis experts, Controversy Alerts that are delivered directly to clients to keep them informed about the most controversial AGM issues, Engagement Letter Writing to create and deliver communications to issuers on your behalf, and Proxy Paper research reports that are foundational to ensuring investors receive thorough details about vote recommendations. The cloud-based SaaS solution allows users to centralize stewardship engagement data and proxy voting records so that they can more efficiently manage their stewardship programs. Data visualization also enables users and other key stakeholders to easily review and report on the progress of their engagement programs. The Engagement Management Platform needs to be the standardized place to manage and drive toward ESG goals for any investor serious about their stewardship program, said Dan Concannon, Chief Commercial Officer at Glass Lewis. We found that too many investors were struggling with spreadsheets to gather and organize their engagement data. Our platform not only allows engagement information to be better organized and accessible by internal teams, but it also surfaces insights to improve stewardship goal-setting and decision-making. As part of the Glass Lewis suite of Active Ownership solutions, the platform serves as a critical component to ensure investor stewardship efforts yield results. With the new platform, investors will be able to:

• Record outcome-driven engagements, internally or externally managed, and track progress towards goals
• Centralize all engagement meetings, dates, participants, and notes
• Link proxy voting and engagement records to consolidate reporting efforts

The platform is powered by Esgaia and built specifically for the management of corporate issuer engagement processes. Clients can customize the platform to meet their engagement needs through system integrations, custom fields, user-managed roles and permissions, and the ability to invite external parties to collaborate. For more information, visit the Engagement Management Platform page or send an inquiry to info@glasslewis.com. About Glass Lewis: Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at www.glasslewis.com. You can also visit the Glass Lewis Blog or follow us on LinkedIn.

‍About Esgaia:

‍Esgaia is a technology company providing an independent purpose-built engagement management software to institutional investors globally. The platform helps investors save time and improve quality by centralizing engagement management in a cloud-based environment.

Public companies can leverage the Cybersecurity Risk Evaluation Solution from Glass Lewis and BitSight to better understand key areas of vulnerability, benchmark against their peers, and receive personalized guidance from a cybersecurity expert.

‍SAN FRANCISCO (September 21, 2022)  Glass Lewis and BitSight today announced the launch of the Cybersecurity Risk Evaluation Solution for public companies. The solution provides customized guidance and reports so corporations can understand best practice in cybersecurity assurance and disclosure, benchmark their company's cybersecurity performance relative to peer organizations, and evaluate the potential financial impact of cyber events on their own organizations. Cybersecurity is a critical business risk that directly impacts a company's ability to achieve operational success, said John Nelson, senior vice president of global channels and partnerships at BitSight. As cyber-attacks continue to rise, we are launching the Cybersecurity Risk Evaluation Solution with Glass Lewis to enable public companies to pro-actively understand their own vulnerabilities, implement strategies to safeguard their business, and communicate their plans to internal and external stakeholders. Investors are increasingly expecting public company leaders to implement transparency around the oversight and management of cyber risk and assure key stakeholders that they are implementing best-in-class cybersecurity programs in order to mitigate the likelihood of costly and potentially debilitating cyber-attacks. The SEC also recently called for a more unified approach to cybersecurity risk management, strategy, governance, and incident disclosure by public companies. We understand mitigating cybersecurity risk is top of mind for corporate executives, said Lili Mehta, SVP and Global Head of Corporate Business at Glass Lewis. In response to this pressing need, we have partnered with BitSight, the global leader in cyber risk management, to provide a solution that equips public company leadership with the tools to understand their performance in key areas, benchmark against their peers, and better communicate their cybersecurity positions. Public companies who subscribe to the Cybersecurity Risk Evaluation Solution through Glass Lewis will receive customized analysis covering an overview of their performance, peer analytics benchmarking, and financial quantification of their exposure due to cyber risk, all using BitSight's proprietary technology. In addition, a BitSight cyber risk expert will conduct an intensive workshop to provide clients with an overview of the current regulatory environment including disclosure requirements, best practices as it relates to cyber program disclosure and positioning, and a personalized walk-through of issues such as credit ratings impact and cyber insurance approval/denial. For more information, visit the Cybersecurity Risk Evaluation Solution page or send an inquiry to engage@glasslewis.com.

‍About Glass Lewis:

Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at www.glasslewis.com. You can also visit the Glass Lewis Blog or follow us on LinkedIn. About BitSight BitSight creates trust in the digital economy and transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.

Dennis Johnson, CFA, former Chief Investment Officer at TIAA and Comerica Bank, joins the Board of Directors at Glass Lewis, global leader in ESG and Proxy Voting solutions.

SAN FRANCISCO (June 7, 2022)  Glass Lewis today announced the addition of Dennis Johnson to the Board of Directors. Dennis brings deep expertise setting and implementing strategy developed over his many years as a global investment professional and board member. We are delighted to welcome Dennis Johnson to the Glass Lewis Board of Directors, stated Stephen Smith, Chairman of Glass Lewis and Chairman of Peloton Capital Management. Dennis possesses a significant level of experience in leading investment organizations, therefore he has an intimate understanding of key stakeholders in the capital markets. We look forward to leveraging his unique background as we continue to expand our Glass Lewis presence across the globe. As the Chief Investment Officer for TIAA, FSB and TIAA Endowment & Philanthropic Services (TEPS), Dennis oversaw $190 billion in assets under advisement and $62 billion in discretionary assets. At Comerica Bank, Dennis served as Chief Investment Officer, where he was responsible for $140 billion in assets under advisement, and as Chairman of the Comerica Investment Policy Committee. Dennis also served as Chief Strategy Officer at the Public Investment Fund (PIF) based in Saudi Arabia, Senior Portfolio Manager of Global Equity at the California Public Employees Retirement System (CalPERS) and a Managing Director at Citigroup.Dennis has led and built international teams of investments, compliance, risk management, client facing and operations professionals throughout his career. His experience includes the development and implementation of investment policy statements and procedures. Dennis has served on numerous committees focused on investment, risk, compliance, and sustainability. He is a former U.S. Military Officer and graduate of the Virginia Military Institute. He also served on U.S. Department of the Treasury's Advisory Committee on the Auditing Profession.For more information, send an inquiry to info@glasslewis.com.

‍About Peloton Capital Management:

‍Peloton Capital Management is a private equity firm that utilizes a long-term investment philosophy and sector-focused strategy to partner with founders and management teams to help build exceptional businesses and create attractive returns for our investors. PCM's primary focus is investing in services businesses within the Healthcare, Financial, and Consumer verticals in North America. Headquartered in Toronto, Canada, PCM was founded and is led by a team with extensive private equity experience. For more information please visit: www.PelotonCapitalManagement.com.

About Glass Lewis:

Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at www.GlassLewis.com.

In its new solution, ESG data is aggregated by Glass Lewis near a public company's annual general meeting date, providing institutional investors the timeliest data of its kind in the marketplace

SAN FRANCISCO (February 7, 2022)  Glass Lewis today announced the launch of ESG scores and data featured in their Proxy Paper research reports via a dedicated ESG Profile page. Institutional investors and public companies around the world rely on Glass Lewis research and shareholder vote recommendations to make sound governance decisions. While ESG themes have long been covered in Glass Lewis research, the ESG Profile provides a snapshot view of key topics such as companies' emission reduction initiatives and the disclosures they provide concerning their environmental and social risks and performance. The data is collected near a public company's annual general meeting date, providing institutional investors the timeliest data of its kind in the marketplace. Since the data is aggregated by Glass Lewis, and the ESG scoring methodology is owned by Glass Lewis, investors can use the underlying data and scoring in their custom policies (as an additional option). We are seeing a rise in various types of ESG data in the market, however Glass Lewis is the only company collecting information relevant to proxy voting so close to annual general meetings, said Eric Shostal, SVP Research and Engagement. We are known for delivering our reports with industry leading lead times, allowing our investors more time to carefully evaluate and incorporate our data, research, and recommendations into their stewardship programs. With the launch of the ESG Profile in our research reports, our aim is to provide a look at critical issues that are top of mind for both investors and public companies. Updated proposal specific ESG data is provided to shareholders and to public companies in advance of their annual general meeting allowing for voting decisions and engagement to occur with timely data and research specific to agenda items. Glass Lewis has favored a clear and approachable methodology to give investors a more transparent understanding of how public companies are being scored. The timely score summary includes a Board Accountability Score, an ESG Transparency Score, an ESG Targets and Alignments Score, and, for certain companies, a Climate Risk Mitigation Score. Covered public companies will have the opportunity to verify their ESG data through Glass Lewis' Issuer Data Report program. For more information, visit the ESG Profile product page or send an inquiry to info@glasslewis.com.

About Glass Lewis:

Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information is available at www.GlassLewis.com.