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.
Spain is first country to mandate shareholder votes on “non-financial” ESG reporting
On December 28, 2018 the Spanish government approved Law 11/2018, which transposes EU Directive 2014/95/EU on disclosure of non-financial and diversity information into Spanish law. The new law amends the Spanish Commercial Code by specifying [...]
Tug-of-war over Oslo Børs could reframe Nordic governance
Oslo Børs is the last independent stock exchange in the Nordics, owned by several institutional investors since its privatisation in 2001. However, this might be about to change, as a bidding war has emerged between [...]
CGI Glass Lewis: Initial Response to Royal Commission Final Report
Earlier this week the Final Report of the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (“the Royal Commission”) was released to the public. Responses from financial institutions, regulators and [...]
Glass Lewis Submission of Public Comments on German Corporate Governance Code Consultation
The German Corporate Governance Code has just come to the end of a consultation phase, with market participants being invited to provide feedback on a large number of proposed amendments. The consultation may result in [...]
Santander CEO Succession Saga Highlights Cost of Deferred Compensation
Last week’s announcement that Andrea Orcel would not be Banco Santander’s next Group CEO came as something of a shock, not least for the reason why: the cost. When the appointment was initially announced back [...]
Audit conference highlights uncertainty in Poland
The past year has been a rough one by most accounts – not least for Polish accountants. New regulatory requirements have upended the market, which is under the shadow of an ethical crisis following the [...]
Debenhams: Chair and CEO ousted from board following dust up with Sports Direct
Following its AGM on January 10, 2019 Debenhams plc announced quite the bombshell: board chair Sir Ian Cheshire and CEO Sergio Bucher had received majority against votes of 56.62% & 55.85%, respectively – enough to [...]
2019 Shareholder Activism Summit Returns to NY
Returning to New York on January 25th, the third annual 2019 Shareholder Activism Summit brings together activists, board directors and corporate management to discuss the state of play in activist engagement and what to expect in the [...]
Bloomberg “The Year Ahead”: Japan’s New Corporate Governance Champions
For the first time Bloomberg recently brought its "The Year Ahead" event to Tokyo, Japan. One of the panels focused on the state and future of corporate governance in Japan, and featured Glass Lewis CEO [...]
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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.
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Glass Lewis Submission of Public Comments on Dutch ‘Thinking Period’ Consultation
Glass Lewis has submitted a response to the Dutch consultation, which ended on February 7, 2019, on a legislative proposal to implement a 250-day bedenktijd ('thinking period'). The proposal would implement a 250-day thinking period [...]