In March, Glass Lewis noted that everything is affected by the coronavirus and outlined our approach to governance issues in the context of the pandemic. The emergence of COVID-19 as the trigger for a global [...]
Glass Lewis’ Policy Guidelines provide an overview of our approach to governance and proxy research. Updated 2020 guidelines are now available for India. In developing our policies, we consider a diverse range of perspectives and [...]
Glass Lewis has submitted a response to the consultation paper from the Securities and Exchange Board of India on proposed changes to related party transactions (“RPTs”). The changes that Glass Lewis commented on relate to: [...]
On July 29, 2019, the Securities and Exchange Board of India (“SEBI”) issued a report submitted by the Working Group it formed in November 2018 to review certain issues related to proxy advisors. The report [...]
The 2019 India AGM season is well underway. Thus far, two notable items have appeared on the radars for investors. First, existing concerns regarding corporate audits have deepened as the ‘Big Four’ firms appear to [...]
On March 20, 2019, the Securities and Exchange Board of India (“SEBI”) released a consultation paper (the “Paper”) that discusses the prospect of differential voting rights shares (“DVRs”) being made available to listed issuers in [...]
Recent changes to Indian law have resulted in a decreased number of auditor ratification (and audit fee ratification) proposals being submitted to shareholders during the 2018 proxy season – just as accounting scandals have shareholders [...]
In June 2017, the Securities and Exchange Board of India (“SEBI”) formed the Committee on Corporate Governance (the “Committee”) to examine corporate governance practices in India. Chaired by Uday Kotak, the Committee was also tasked [...]
The Tata Group is perhaps the most well-known, respected business conglomerate in India. Yet, to the surprise of many on October 24, 2016, it was announced that Cyrus P. Mistry had been unceremoniously ditched as [...]
As the Indian proxy season heats up, new rules are opening the country to foreign investment as never before – and could ultimately open up both share-ownership structures and board representation. In June, the Government [...]