New partnership with Proxy Insight delivers comprehensive data and analytics
SAN FRANCISCO (Feb 2, 2017) – Meetyl, the operator of the world’s most powerful direct corporate-access platform, today introduced a new suite of services dedicated to informing and connecting corporate governance professionals.
The new CG Direct module features data from London-based Proxy Insight, a leading provider of comprehensive information on the proxy voting behavior of institutional investors. Through CG Direct, corporate users can access publicly-available information about their current and prospective shareholders provided by Proxy Insight, including corporate governance contacts, proxy voting policies, and voting history with related analytics. Meetyl’s intuitive user-interface allows companies to efficiently target, understand and connect with institutional investors.
Furthermore, institutional investors are invited to take control of their profiles in the system, including the ability to update engagement contacts and preferences, determine how meeting requests are received, and manage and optimize the meeting-request process.
“CG Direct is the next step in realizing the promise of Glass Lewis’ ownership of Meetyl; extending the reach of our live community to include corporate governance professionals and drive value across the entire investment lifecycle,” said Jeffrey Tha, CEO of Meetyl.
Founded by former Wall Street professionals in 2012, Meetyl’s innovative technology-based solution enables companies and institutional investors to directly, securely and efficiently connect with each other. Meetyl, which was acquired by Glass Lewis in 2014, today counts more than 2,000 users amongst its live, global community. In 2016, Glass Lewis used the Meetyl platform to significantly ramp the corporate engagement activities of its own research team, ultimately conducting meetings with more than 1,000 companies globally during the year.
“Direct engagement between companies and investors eliminates the conflicts and inefficiencies that are often inherent to the process when intermediaries are involved,” said Katherine Rabin, CEO of Glass Lewis. “By providing users with key insights about their engagement counterparts – as well as Meetyl’s hallmark targeting algorithm and links to connect directly – the quality of engagement activity is improved, while costs are dramatically reduced.”
The release of CG Direct is the result of a multi-faceted new partnership among Proxy Insight, Meetyl and Glass Lewis.
“We believe Proxy Insight’s comprehensive data provides unrivaled transparency into the voting activities of institutional investors, which empowers companies to easily understand their shareholders and focus engagement activities appropriately,” said Nick Dawson, CEO of Proxy Insight. “We are delighted to work with Meetyl and Glass Lewis, and see a massive opportunity to drive constructive, informed dialogue between investors and companies around the world.”
Meetyl is changing the way institutional investors and companies engage with each other to schedule everything from individual meetings to non-deal road shows. The Meetyl platform – a global, web-based service that is private and secure – helps companies find and directly connect with the right investors. Based on a live community of users who update their profiles and preferences, the Meetyl proprietary algorithm provides users with the carefully screened list of best-fit meetings, and then efficiently helps coordinate schedules, send invitations and track success. Meetyl helps increase returns from investor relations programs and avoid the conflicts and inefficiencies sometimes associated with traditional intermediaries. Meetyl is headquartered in San Francisco with employees in the U.S., UK, and Ireland, and is a wholly-owned subsidiary of Glass, Lewis & Co. More information available at www.meetyl.com.
About Glass Lewis
Glass Lewis is the leading independent provider of global governance services, helping institutional investors understand and connect with the companies they invest in. We are a trusted ally of more than 1,200 investors globally who use our high-quality, unbiased Proxy Paper research, industry-leading Viewpoint proxy vote management solution, and innovative Meetyl direct-engagement platform to help drive value across all their governance activities. Glass Lewis empowers institutional investors that collectively manage more than $25 trillion to make sound voting decisions at more than 20,000 meetings a year in 100 countries by uncovering and assessing governance, business, legal, political and accounting risks. Founded in 2003, Glass Lewis has more than 360 employees worldwide across offices from headquarters in San Francisco to New York, Washington D.C., Sydney, Australia, Limerick, Ireland, and Karlsruhe, Germany. More information is available at www.glasslewis.com.
About Proxy Insight
Proxy Insight is the most comprehensive global information source on proxy voting, detailing the voting activity at shareholder meetings for over 25,000 global issuers. In addition, the proxy voting guidelines of top investors are covered in over 1,000 Corporate Governance profiles. More information available at www.proxyinsight.com.