Glass Lewis Response to U.S. Senate Banking Committee Letter, Including Clarification of Business Practices
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:
Engage with Glass Lewis
Issuer Data Report Requests
Glass Lewis Policy Guidelines
Year-Round Policy Guideline Feedback
Glass Lewis Issuer Portal
Share This Story, Choose Your Platform!
Disclaimer
© 2018 Glass, Lewis & Co., and/or its affiliates. All Rights Reserved.
This blog is for informational purposes only and is updated periodically to keep Glass Lewis' clients and other interested parties informed of current corporate governance developments and regulatory trends. The information contained herein should not be construed as legal or investment advice. Glass Lewis analyzes issues it believes may be of interest to its subscribers and makes recommendations as to how Glass Lewis believes institutional shareholders should approach such issues. While Glass Lewis may mention certain companies in its blog postings, Glass Lewis never comments on the investment merits of the securities issued by the subject companies. Therefore, none of the information posted through this blog should be construed as a recommendation to invest in, purchase, or sell any securities or other property. All recommendations stated herein must be construed solely as statements of opinion, and not as statements of fact, and may be revised based on additional information or any other reason at any time.
The information contained in each blog posting is based on publicly available information. While Glass Lewis exercises reasonable care to ensure that all information included in this blog is accurate and is obtained from sources believed to be reliable, no representations or warranties express or implied, are made as to the accuracy or completeness of any information included herein. In addition, Glass Lewis shall not be liable for any losses or damages arising from or in connection with the information contained herein or the use or inability to use any such information.
Glass Lewis expects readers of its blog possess sufficient experience and knowledge to make their own decisions entirely independent of any information contained in Glass Lewis’ blog postings. Subscribers are ultimately and solely responsible for making their own decisions. This blog is intended to serve as a complementary source of information and analysis for subscribers in making their own decisions and therefore should not be relied on by subscribers as the sole determinant in making decisions.
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 RSS