SAN FRANCISCO,CA (July 31, 2008) – Glass, Lewis & Co., LLC, a leading independent proxy advisory and investment research firm, announced today that it has signed the Principles for Responsible Investment (PRI), a United Nations initiative. The PRI provide a framework for the growing view among investment professionals that environmental, social and corporate governance (ESG) issues can affect investment performance and investors therefore have a fiduciary duty to give appropriate consideration to these issues. As a signatory to the PRI, Glass Lewis continues to demonstrate its growing commitment to research on issues surrounding Socially Responsible Investing (SRI).

The PRI initiative began in early 2005 when the United Nations Secretary-General, Kofi Annan, invited a group of the world’s 20 largest institutional investors from 12 countries to join a process to develop the Principles for Responsible Investment (PRI). The principles that resulted are defined as follows:

1. We will incorporate ESG issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will promote acceptance and implementation of the Principles within the investment industry.
4. We will work together to enhance our effectiveness in implementing the Principles.
5. We will each report on our activities and progress towards implementing the Principles.

The principles serve as a best practice framework for organizations and the basis for investor collaboration. A common framework helps institutions benchmark their progress and encourages the exchange of experience and knowledge.

“Glass Lewis is honored to have joined the other esteemed signatories of this initiative,” commented Katherine Rabin, Chief Executive Officer of Glass Lewis. “Socially responsible investing increasingly plays a role in the decision making processes of our institutional investor clients, and we continue to broaden the
scope of our research on ESG issues. The PRI initiative is another step toward expanding Glass Lewis’ expertise on matters relevant to investors.”

About Glass Lewis
Glass, Lewis & Co. is a leading investment research and global proxy advisory and voting services firm, serving institutions that collectively manage more than $15 trillion. Glass Lewis helps institutional investors make more informed investment and proxy voting decisions by identifying business, legal, governance and financial statement risk at more than 16,000 companies worldwide. Founded in 2003, Glass Lewis is headquartered in San Francisco with offices in New York, London, Tokyo, Sydney and Denver.
For more information on Glass Lewis & Co. contact:
Bayley Diamond, +1 415 738 4115, bdiamond@glasslewis.com
www.glasslewis.com.
# # #