Glass Lewis Blog
The Glass Lewis Blog is regularly updated with information of use to our institutional investor clients including our insights on major corporate governance news, replays of Proxy Talk conference calls, and the publication of new guidelines, season previews, season reviews and special reports.
SEC Rules Set New Baseline for Corporate Climate Disclosures
Climate-related impacts like rising sea levels, massive fires and increasing emissions stand to put many companies at risk. However, the growing tide of regulations has the potential to lift all boats (or at least the [...]
Director Commitments Policies, Overboarding, and Board Refreshment
The increasing strain on directors’ time is a growing concern among institutional investors and shareholder advocates. External risks stemming from new technologies, environmental and societal changes, and destabilizing market conditions all demand greater attention and [...]
UK FCA Consultation: Primary Markets Effectiveness Review
In December 2023, the Financial Conduct Authority (FCA) published a new Consultation Document that proposes significant changes to the UK listing regime. The proposals follow extensive public feedback on an initial Consultation Document intended to [...]
Non-Financial Reporting Requirements in Switzerland
In 2024, Swiss listed companies will be required to submit their non-financial reporting to shareholder approval for the first time. The requirement was brought forward by a 2022 review of the Swiss Code of Obligations [...]
Additional Proxy Vote Disclosure is Coming for the 2024 Proxy Season
As this year’s U.S. proxy season gets underway, attention turns, as always, to the proxy contests and shareholder proposals that will draw business press headlines over the coming months. Behind the headlines, however, this season [...]
Italy’s ‘Capital Markets Bill’ Raises Governance Concerns
The Italian Parliament is expected to approve and implement the so-called “DDL Capitali” or “Capital Markets Bill”, aimed at strengthening the Italian capital market, improving its competitiveness and attractiveness for new listings, and reforming the [...]
‘Uncapping’ UK Banker Pay
On October 24, 2023, the Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) announced the abolition of EU-era restrictions on bankers’ pay, with effect from October 31, 2023, after an earlier consultation. The move, [...]
JetBlue/Spirit, Amazon/iRobot and the Changing Antitrust Risk Climate
On January 16, 2024 the long-running M&A saga of Spirit Airlines took a seemingly decisive turn when a federal judge sided with the U.S. Department of Justice’s Antitrust Division and rejected JetBlue Airways’ attempt to [...]
OpenAI and the Value of Governance
OpenAI isn’t like most companies. The differences go deeper than its futuristic business, reflecting the organisation’s non-profit/capped-profit structure and altruistic mission, and limiting the extent to which any takeaways from its ongoing leadership crisis [...]
2023 Equity Proposal Trends in the U.S. and Canada
2023 Equity Proposal Trends in the U.S. and Canada Executive compensation continues to be an area of great interest to investors as companies seek to align the long-term interests of management and shareholders. During [...]
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